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Report: OfficeFirst to raise up to €800M in Frankfurt IPO

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Report: OfficeFirst to raise up to €800M in Frankfurt IPO

's officespinoff in Germany is targeting to raise €750 million to €800 million in itsplanned IPO, Reuters reported, citing unnamed sources.

The per-shareprice range for OfficeFirst's IPO is set at €21 to €23, according to the Sept.29 report.

OfficeFirstconfirmed earlier inSeptember that it will list on the regulated market segment of the FrankfurtStock Exchange before 2016-end. It said the IPO will comprise €450 million ofnew and existing shares from the holding of IVG Immobilien.