A contribution from deutsche-startups.de
The still very young German Startups Group plans to raise up to 62 million euros on the stock market. GSG intends to invest the raised capital "in expanding its investment portfolio, i.e., acquiring shares, at a rate of 70 to 80 percent over the next two years."
Now things are getting serious for the German Startups Group (GSG), which is aiming for a listing on the Frankfurt Stock Exchange despite the many other canceled IPOs and the Greek crisis. The price range for up to 22.1 million shares is €2.70 to €3.60. The listing is expected to generate approximately €62 million for the young investment company, assuming a mid-range price range. GSG shares are scheduled to be traded in the lightly regulated Entry Standard segment starting July 17.
GSG wants to use the capital raised…
