WeRock NV said the company will seek an initial public offering (IPO) of shares and listing on Amsterdam's Euronext stock exchange. WeRock NV said its offer, for which a date has not yet been set, would include both a primary and secondary offering of shares. The IPO will consist of a sale of 160 million euros in new shares, as well as additional existing shares by Highland Europe Technology and HPE Institutional Fund, to create a “meaningful free float.” Proceeds will be used for investments including marketing, staff, service and possible acquisitions, the company said.

Morgan Stanley and BofA Securities are global coordinators for the offering, with ABN Amro and Barclays Bank acting as bookrunners.