Swedish software company Cint to file for IPO

Swedish software company Cint AB said Feb. 1 that it plans to launch an IPO of new shares and its existing shares offered by principal shareholder Cidron Ross Sàrl.

Cint plans to list its shares on Nasdaq Stockholm and to publicly offer them in Sweden, as well as to institutional investors internationally.

The company expects proceeds of about €75 million, which it will use for future growth, potential acquisitions and general corporate purposes.

The offering and the listing are expected to be completed during the first half, subject to market conditions.