The German machinery manufacturer said that it expects to receive gross proceeds of between €32.7m and €39.4m from a total issue value of €200m and €241.4m.
Homag added that the net proceeds from the listing would be spent on expanding its product range through a series mergers and acquisitions of high-performance manufacturing companies, as well as expanding its overall global operations.
Homag told TTJ that the listing and initial public offering would have no effect on its UK operations but was intended to stimulate growth.
