Dealings in Nipson shares are expected to commence on AIM later this month.
Managing director Alfons Buts said Nipson had invested significantly in research and development over the past few years, and felt now the time was right to invest in sales and marketing.
The firm will use the funds raised to expand in key markets where it is under represented.
These include the US, which represents only 15% of Nipson's printer base, despite being an area that accounts for between 40%-50% of the global high end printing market.
The Asia Pacific region is another area the company is seeking to increase its foothold.
The monies raised will be used to fund additional sales channels, increase user base and direct sales in the medium term, invest in research and development, repay debts and provide working capital.
The company expects to realise cost savings of around 5m by 2005, following the completion of restructuring programmes begun three years ago.
