CMS advises cloud telephony provider NFON on successful IPO

Frankfurt/Main – Munich-based telephony provider NFON AG has made its debut on the public stage, with more than 4.1 million shares being placed with investors at EUR 12 per share during the IPO. The transaction generated proceeds of EUR 80.5 million, with the company receiving around EUR 50 million of this total. The company plans to use the funds to drive expansion of its business activities in Europe, as well as investing in research and development on new products. The initial listing on the Deutsche Börse’s Prime Standard took place on 11 May.

A CMS team headed by lead partners Philipp Melzer and Dr Andreas Zanner advised NFON on all legal aspects of structuring and implementing the IPO. A team led by CMS partners Stefan-Ulrich Müller and Dr Tilman Weichert provided advice on the corporate law aspects, having previously advised the company and its shareholders on various venture capital financing rounds since 2011.

NFON AG, which is headquartered in Munich, describes itself as the only pan-European provider of cloud-based systems for business telephony. Its customers include more than 15,000 companies in 13 European countries. 

CMS Germany

Philipp Melzer
Dr Andreas Zanner, both Lead Partners
Jörg Baumgartner, Counsel
Patrick Damanik, Senior Associate, all Banking & Finance
Stefan-Ulrich Müller, Partner
Dr Tilman Weichert, Partner
Marcel Nurk, Senior Associate
Anton Hieber, Associate, all Corporate
Dr Jens Neitzel, Partner
Dr Daniel Hofmann, Counsel
Michaela von Voß, Senior Associate
Dr Michael Biendl, Associate, all TMC

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