WOLFORD SETS PUBLIC OFFERINGS IN VIENNA, PARIS FOR FEBRUARY
PARIS — Wolford AG, the luxury legwear firm based in Bregenz, Austria, said last week it will proceed with its earlier announced plans to go public, with simultaneous offerings next month on the Vienna stock exchange and the cash market of the Paris Bourse.
It plans to list 1.09 million shares with a par value of about $9.40 (100 Austrian schillings), representing about 40 percent of an expanded capital. Estimated price per share ranges from $37.50 (400 Austrian schillings) to $42.20 (450 shillings). Issuing banks, Austria’s Creditanstalt-Bankverein and France’s Credit Lyonnais, are expected to announce the share price on Feb. 2. Trading is expected to start Feb. 14.
“We are going public because we need the financing to help fuel our future growth,” said Wolford international sales director Ivo Forster. “We are making investments in our plants this year, and want to hire over 100 people to increase our capacity.”