Qualco, Owners Said to Target Raising €98 Million in Athens IPO

Qualco Group SA and its owners are looking to raise as much as €98 million ($111 million) through an Athens initial public offering, according to a person familiar with the matter.

The Greek fintech company plans to offer shares at a price range of €5.04 to €5.46 apiece as early as next week, the person said, asking not to be identified because the matter is private. The company aims to sell as much as €57 million of new stock in the offering, while existing backers will likely offer another €41 million of shares, the person said.

An IPO by Qualco ...