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Vtion to sell up to 5.077 mln shares in planned IPO


Published : Thu, 15 Nov 2007 07:31
By : Agencies
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FRANKFURT (Thomson Financial) - Vtion Wireless Technology AG is offering up to 5.077 mln shares in its planned initial public offering, the company said in an IPO prospectus.

Of those shares, up to 4 mln are new, up to 415,000 are existing ones owned by stockholders, and the remaining shares derive from a greenshoe option.

Sal Oppenheim is managing the IPO.

Vtion -- which sells wireless data cards in China and plans to expand to the German market next year -- plans to publish the price range and offer period for its IPO on Nov 22, with the offer period running from Nov 23-28.

The shares are to start trading on Nov 30.

maria.sheahan@thomson.com

mas/lam

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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