AMSTERDAM : The company that owns the WeTransfer file service will be valued at between 629 million and 716 million euros at its initial public offering in Amsterdam this month, it said on Thursday.
The group expects to raise around 125 million euros in fresh capital from the new shares, while existing shareholders will sell up to 5.4 million shares, leading to a total offer size of 285-290 million euros and a free float of around 43.5per cent. Current investors include Highland Europe Technology, which holds a 55per cent stake, and HPE Institutional Fund, which has 13per cent.
It has slightly scaled back ambitions, as it had estimated the primary offer would be around 160 million euros.
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