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Austrian computer firm comes closer to IPO

Gericom, the computer hardware company which has been planning a listing since the middle of the year, looks as if it will tackle a Neuer Markt listing before the end of November.

Gericom, which is based in Austria, on Friday said that it will be selling around 3 million shares, priced between €30 and €36 between November 6 and November 14. This means Gericom should debut on Frankfurt's high-growth market around the middle of this month in a sale that could see it raise as much as €118.8m ($102m).

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