InTiCom to be priced at 16.50-20.00 euros in IPO

Newswire

FRANKFURT, Oct 27 (Reuters) - New shares in InTiCom will be sold at between 16.50 and 20.00 euros each when the German telecoms supplier firm makes its stock market debut on November 8, the company said on Wednesday. Bavarian InTiCom aims to raise 10 million euros ($12.8 million) to pay for the expansion of its output of splitter equipment for Deutsche Telekom's high-speed DSL Internet service, its main product. To be able to take that amount out of the market, the implied issue price ...

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