The Real Web-backed automotive marketing software developer intends to use the IPO proceeds to accelerate the development of new products, fuel its M&A strategy and expand its customer base.
MotorK, an Italy-based automotive marketing software developer backed by Real Web, the owner of real estate marketplace Immobiliare, has announced its plan to file for an initial public offering (IPO) on the Euronext Amsterdam market.
The company expects to raise gross proceeds of about €150m ($174m) from the IPO. Berenberg Bank is sole global coordinator for the offering and, together with ABN Amro Bank, joint bookrunner.
Founded in 2010, MotorK offers cloud-based software for the automotive retail industry. Its platform,…
