European e-business solutions consultancy Syzygy, which has offices in London, Frankfurt, Munich, Paris and Dublin, is floating on Frankfurt’s Neuer Markt on 6 October.
According to Syzygy communications manager Charlie Pownall, there are three key reasons for the flotation. “We want to keep expanding geographically – our focus is on Europe. We also want to deepen our service offer and strengthen some areas, as well as make sure we continue to attract the best people and keep existing talent.”
No issue price has been determined yet, though an announcement will be made shortly before the subscription period between 26 September and 4 October.
Syzygy chief executive officer Chris Robson explains the decision to float on the Frankfurt exchange. “Syzygy is a distinctly European e-business solutions provider, with unrivalled experience in building pan-European solutions,” he says.
“Listing in Frankfurt makes sense because it is and will continue to be Europe’s dominant technology exchange. By being on Europe’s premier hi-tech exchange, and by being a well-balanced European player, Syzygy stands to gain.”