The IPO year of Nexway AG is 2012
Initial public offering is a type of public offering in which shares of a company usually are sold to institutional investors that in turn, sell to the general public, on a securities exchange, for the first time.
Through IPO a privately held company transforms into a public company. Initial public offerings are mostly used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors, and to become publicly traded enterprises. A company selling shares is never required to repay the capital to its public investors. After the IPO, when shares trade freely in the open market, money passes between public investors.
Although IPO offers many advantages, there are also significant disadvantages, chief among these are the costs associated with the process and the requirement to disclose certain information that could prove helpful to competitors.
The IPO process is colloquially known as going public. Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing the value of shares.
asknet Solutions AG, together with its subsidiaries, provides e-commerce solutions to software, video games, services, and retail companies to run their online sales worldwide. It develops and operates online shops for the manufacturers of digital and physical products. The company also provides a range of software solutions and services relating to the procurement, distribution, and management of software and hardware for customers in the research and education sectors; and solutions for monetizing digital business models and connecting companies to the global e-commerce market. In addition, it distributes a range of software solutions for students through its studyhouse.de platform. The company was formerly known as Nexway AG and changed its name to asknet Solutions AG in August 2020. The company was founded in 1995 and is headquartered in Karlsruhe, Germany. As of September 16, 2019, asknet Solutions AG operates as subsidiary of Facebank AG.