SAP, Europe's largest ERP software company, is set to IPO its systems integration unit on Nasdaq by 13 September, with the intention of raising up to E181m (£110m).
Published: 4 September 2000 15:48 GMT
The flotation, which comes after poor results for the first quarter, will allow the company to develop its interests in non-SAP software.
Pundits will welcome the move, as SAP has been criticised for slowing down and allowing its dominance of the ERP market to slip away. It has even been seen as a possible acquisition target.
Friday saw SAP shares gain over five per cent, to reach a five-month high of E300.1 (£183.6).
On Friday, joint lead managers Commerzbank and HypoVereinsbank set the price range for shares at E16 to E19 (£9.7 to £11.7).
SAP SI will issue 4.8m shares, with current stockholders selling 3.9m shares.
Job Title: Graduate Analyst - Credit Card Acquisition Location: Cardiff Salary: 20,000 - 23,000 + Bonus, Training & Benefits The credit card ...
Bloomberg is looking for an entrepreneurial sales person to join the Bloomberg Valuation Content Acquisition team in London. The Content Acquisition ...
Job Title: Senior Risk Manager - Acquisition & Credit Policy Location: London - WC Salary: 60,000 - 70,000 + Bonus, London Weighting & Package ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Rob Bamforth Plenty of life ahead for RFID and NFC From waving your phone at shopkeepers to saving electrical workers' lives
Peter Cochrane Peter Cochrane's Blog: How the telcos could save themselves Doomed network operators could thrive with a bit of innovation