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Technology Stocks : Gemplus
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To: Philip H. Lee who wrote (2)11/23/1997 8:00:00 PM
From: CENTrader  Read Replies (2) of 11
 
Philip,

Guess you haven't seen this yet...

Gemplus Charts Growth Course With Public Offering in `98

French smart card giant Gemplus Group expects to raise $200 million to $400 million next year through a public offering of 20% of the company, says Chairman and founder Marc Lassus. The offering of American Depository Receipts will be made on the New York Stock Exchange, it is hoped by the second quarter of 1998, Lassus says. Gemplus has yet to select an underwriter or underwriters to handle the offering. The stock sale represents the second phase of Gemplus's recent restructuring, he notes. In phase one, Lassus this year sought to replace the initial venture capital that helped create Gemplus in 1988 with longer-term investors such as GE Capital. Now that that's largely done, he wants to raise money in the capital markets to fuel Gemplus's expansion into areas such as software and systems integration.
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I will send more details as I receive them.

-Bill-$^
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