Goldbach Media is ready for its IPO
The board of directors of Goldbach Media, the marketing company, has set the offering price for its shares at 42 francs per share. This will raise 57.31 million francs for the company. The initial public offering is scheduled for Friday, June 15. The company’s existing core shareholders and management will retain significant stakes.
The Board of Directors of marketer Goldbach Media has set the issue price for its shares at CHF 42 per share. The company will thus receive CHF 57.31 million. The IPO is scheduled to take place on Friday, June 15.
According to a Goldbach Media press release, the offer met with brisk demand: The shares with a nominal value of CHF 1.25 each were oversubscribed several times during the placement period from June 4 to 13, 2007. A total of 2,373,170 registered shares were placed at a price of CHF 42 per share. This corresponds to around 39.6 percent of all outstanding shares in the company.
Goldbach Media's share capital will amount to around CHF 7.5 million following the IPO. The existing core shareholders and the company's management will retain a significant stake. According to SDA, BC Medien Holding remains the largest shareholder after the IPO with a stake of 19.72 percent before over-allotment. Other shareholders are Adlink Internet Media with 14.99 percent, Group CEO Klaus Kappeler and co-founder Walter Frey with 6.71 and 5.01 percent respectively. However, the major shareholders 3i Group and BHS Verwaltungs AG, which previously held 7.65 and 5.69 percent of Goldbach Media respectively, will sell their shares.
According to the communiqué, the company intends to use the CHF 57.31 million in funds received by Goldbach to further consolidate its position as a one-stop store for the marketing of all private electronic, interactive and mobile media in Switzerland and Austria. It also plans to grow rapidly in the dynamic online market and invest in selected Eastern European markets.
According to a Goldbach Media press release, the offer met with brisk demand: The shares with a nominal value of CHF 1.25 each were oversubscribed several times during the placement period from June 4 to 13, 2007. A total of 2,373,170 registered shares were placed at a price of CHF 42 per share. This corresponds to around 39.6 percent of all outstanding shares in the company.
Goldbach Media's share capital will amount to around CHF 7.5 million following the IPO. The existing core shareholders and the company's management will retain a significant stake. According to SDA, BC Medien Holding remains the largest shareholder after the IPO with a stake of 19.72 percent before over-allotment. Other shareholders are Adlink Internet Media with 14.99 percent, Group CEO Klaus Kappeler and co-founder Walter Frey with 6.71 and 5.01 percent respectively. However, the major shareholders 3i Group and BHS Verwaltungs AG, which previously held 7.65 and 5.69 percent of Goldbach Media respectively, will sell their shares.
According to the communiqué, the company intends to use the CHF 57.31 million in funds received by Goldbach to further consolidate its position as a one-stop store for the marketing of all private electronic, interactive and mobile media in Switzerland and Austria. It also plans to grow rapidly in the dynamic online market and invest in selected Eastern European markets.
