Valtech SE (VTEC) Announces Proposed 6.67M IPO Between $14-$16/Sh

Valtech SE (NASDAQ: VTEC) today announced that on Tuesday, October 9, 2018 it intends to commence a proposed initial public offering of 6,666,667 of its Class A ordinary shares (the "Offering") pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission ("SEC"). In connection with the Offering, the Company intends to grant the underwriters the option to purchase up to 1,000,000 additional Class A ordinary shares. The estimated price range for the initial public offering is $14.00 to $16.00 per Class A ordinary share. Valtech has applied to list its Class A ordinary shares on the Nasdaq Global Market under the ticker symbol "VTEC."

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers in the proposed offering. Cowen & Company, LLC, Oddo BHF SCA and William Blair & Company, L.L.C. are acting as co-managers.

You May Also Be Interested In

• Saratoga Investment prices $85M in notes due 2031 at 8.00%
• Wrap Technologies closes $12M stock offering at $1.40 per share
• IM Cannabis plans 30:1 share consolidation to meet Nasdaq listing rule