Zetes go-ahead for Initial Public Offering

Edited by the Buildingtalk editorial team Nov 4, 2005

Zetes received official approval on its prospectus by the Banking, Finance and Insurance Commission (CBFA).

Zetes, Pan-European leader in the domain of value-added solutions for Goods Identification and People Authentication applications in the Automatic Identification (Auto-ID) industry, received official approval on its prospectus by the Banking, Finance and Insurance Commission (CBFA).

This is the official go-ahead for Zetes' Initial Public Offering (IPO), which is expected to kick off on Monday 7 November - aiming at listing before the end of November.

Fortis Bank and KBC Securities are the joint global coordinators for the operation, with Dexia Bank as co-lead manager and Petercam acting as advisor to the company.

This IPO should support Zetes' growth in the future.

Zetes uses both emerging and mature technologies (barcode, voice recognition, RFID, smartcards, biometrics) to optimize the business performance of many private and public customers in many market segments.