Trintech, the Dublin based electronic payments software company, has set the initial public offering price for its shares at $11.55. They begin dual trading on the US Nasdaq and German Neuer Markt this morning.

The sale is expected to raise $59 million (€56.5 million) after expenses and values the company at between $290 million and $300 million. The offer is believed to have been 10 times oversubscribed.