Adesso's unit Staige ONE AG to list shares on stock exchange in October

adesso SE

19/09/2023 07:02

Sept 19 (Reuters) - German IT service provider Adesso
 ADNGk.DE  said on Tuesday its sports division Staige ONE AG was
planning to list shares on the stock exchange in October, in an
initial public offering (IPO) aimed at generating up to 8
million euros ($8.54 million).
    The company said Staige ONE planned to offer up to 1.9
million euros ($2.03 million) of newly issued shares through a
capital increase in return for cash contributions with
subscription rights.
    Shareholders can acquire two new shares for every five they
hold, at a price of 4.23 euros per share, it said.

($1 = 0.9367 euros)

 (Reporting by Linda Pasquini in Gdansk, Editing by Rachel More)
 ((linda.pasquini@thomsonreuters.com; +48 58 7785261;))