iXOS's low-priced IPO illustrates tough market

Article Abstract:

Germany-based iXOS Software AG intends to sell company shares in its initial public offering at 170 marks per share. The offering share price is a marked departure from the stock's previous value of 165 to 195 marks per share. The reduction in the value of the stocks in the initial public offering, which is expected to be conducted on Oct. 7, 1998, is part of the efforts of the company to evade losses in light of the unfavorable response of the market towards similar transactions. The move comes after Mobistar SA and CNP Assurances failed to realize anticipated proceeds from their respective offerings of company stock.

Comment:

Is set to sell company shares in its initial public offering at 170 marks per share

Computer Software, Software Publishers, Germany, Software, iXOS Software AG

---

Swisscom soars, but Fortis Amev grounds its issue

Article Abstract:

Fortis Amev, a banking institution, has called off its planned offering of company stock. The move reflects the efforts of the company to evade the risks associated with such transactions in light of the unfavorable response of the market towards stock sales, according to Hans Barteld, chairman of Fortis Amev. The stock offering should have generated four billion guilders for the banking interest, which hoped to use the proceeds to finance an acquisition. Most European companies which launched stock offering posted disappointing results, with the exception of Swisscom AG.

Comment:

Cancels planned offering of company stock in light of unfavorable market conditions

Banking Institutions, Depository Credit Intermediation, Banks (Finance), Fortis AMEV N.V.

---

Fortis AG, Fortis Amev shares to be split

Article Abstract:

Fortis, a financial services group from Belgium and the Netherlands, has reported a shares split for the stock of Fortis AG, which is listed in Brussels, Belgium, and Fortis Amev, which is listed in Amsterdam, the Netherlands. One Fortis Amev share will be divided into two shares, while each of Fortis AG's shares will be split into nine. The split will take effect on Jan. 1, 1999. Fortis says the decision will make the equation between the Dutch and the Belgian units of the company on an equal, one is to one ratio.

Comment:

Financial services group from Belgium & Netherlands reports shares split for stock of Fortis AG & Fortis Amev

Asset sales & divestitures, Belgium, Financial Services, Finance and Insurance, Fortis

Similar abstracts:

• Abstracts: Native Niches: Aboriginal businesses are thriving by marketing their First Nations products and services to native and non-native consumers alike
• Abstracts: A honey of a market segment. NCR offers sales tools. Fizz goes out of 0.5% beer market
• Abstracts: The German market for fast food: market shares: others: company. The German market for fast food: market shares: fast food: company
• Abstracts: The French market for textile washing products: market shares: textile washing products: manufacturers'. The German market for textile washing products: market shares: textile washing prodcuts: manufacturers'
• Abstracts: Market shares: cigarettes: brand. The Italian market for tobacco: market shares: cigarettes: manufacturers'

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.