IPO, Initial Public Offering for company to buy and sell in stoc

REUTERS reports:

Trans-o-Flex* is preparing to list on the Frankfurt stock exchange as early as September in a deal that could value the German logistics firm at roughly 1 billion euros ($1.2 billion), people close to the matter said.

The company is working with JPMorgan on the initial public offering that could see stock worth 300 million euros sold, three sources said.

“In order to finance our further growth, we are continuously evaluating possible financing options, including an IPO,” a company spokesperson said.

JPMorgan declined to comment…

[*Focus: B2B parcel and pallet shipping; it says it’s a specialist for the shipment of dangerous goods and radioactive materials.]

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