Bytes Technology Group in the UK has announced an offer price of 270 pence per share, valuing the company at £646,6-million.
The funds raised will buy the company out of the Altron group.
Neil Murphy, CEO of Bytes Technology Group, comments: “It gives us great pleasure to welcome our new shareholders to the business. We believe listing as a standalone group gives us a tremendous platform to deliver on the strong growth opportunities we see in our markets.
“We are delighted by the level of interest shown by potential investors and are looking forward to this exciting next stage for Bytes Technology Group.”
The offer price has been set at 270 pence per share and comprises 130 516 140 new shares, representing 54,5% of the company’s issued share capital.
The offer will raise total gross proceeds of approximately £352,4-million.