Wellington profits from net mobile IPO

net mobile AG, which has been a Wellington Partners portfolio company since 2003, has gone public at an issue price of EUR 8.50 per share, and already recorded a double-digit rise in the share price on the first trading day. Prior to the launch, net mobile had highly successfully placed 2.2 million shares with both private and institutional investors; the offering was ten times oversubscribed. With some 20% of the share capital, Wellington Partners remains the largest shareholder of this leading provider of mobile value added services. In addition to expanding the business in Germany, he sees great potential in both the European as well as the Asian market. net mobile already employs some 20 people in Shanghai.