Congatec Holding AG (NASDAQ: CONG) expects to raise $59.4 million in its upcoming IPO. Based in Deggendorf, Germany, Congatec Holding designs, develops and markets embedded computing solutions to clients worldwide.

We previewed CONG on our IPO Insights platform.

Congatec will offer 5.4 million shares at an expected price of $10 to $12. If the underwriters price the IPO at the midpoint of that range, Congatec will have a market capitalization of $203 million.

Congatec filed for the IPO on October 14, 2015.

Lead Underwriters: Needham & Company and Stifel Nicolaus

Underwriters: Cannacord Genuity and JMP Securities

Business Summary: Provider of High Performance Embedded Computing Solutions

Congatec designs, develops and markets high performance embedded computing solutions that facilitate computing capabilities for an array of system-level applications and end markets, which include healthcare, entertainment, industrial automation and transportation, among others.

Technical expertise and core knowledge includes specific extended BIOS features in addition to comprehensive board and driver support packages. Clients also receive support through extensive product lifecycle management. Currently, Congatec has operations in Taiwan, Japan, US, Australia, the Czech Republic and China.

The company operates through three divisions; APAC, EMEA and Americas. It offers the COM (computer-on-module) Express solutions, which performs as a processor mezzanine that is integrated with a base board containing the user’s specific application requirements. Congatec offers the COM Express modules for rugged conditions and wide temperature ranges that exist within a variety of market applications, including medical, POS/kiosk, industrial automation, test and measurement, transportation and entertainment.

Congatec also offers Qseven module-based processors for handheld, mobile and battery operated applications in industrial automation, healthcare, entertainment, POS/kiosk, test and measurement, and transportation end markets; ETX and XTX based COMs, which are embedded technology; embedded basic input output system software; and industrial single board computers. In addition, Congatec offers software and support solutions that enable mobile devices as well as embedded design and manufacturing services.