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electrovac AG completes successful initial public offering
electrovac AG completes successful initial public offering
About this update from Electrovac Ag
electrovac AG/ Key word(s): IPOelectrovac AG completes successful initial public offering30.04.2026 / 10:05 CET/CESTThe issuer is solely responsible for the content of this announcement.electrovac AG completes successful initial public offeringTrading commenced in the Regulated Market (Prime Standard) of the Frankfurt Stock ExchangeFirst price: EUR 7.50 (offer price: EUR 7.80 per share)Current market capitalization of approx. EUR 120 millionAccess to capital markets as foundation for growth strategySalzweg, April 30, 2026 - electrovac AG (“electrovac” or the “electrovac Group”, ISIN DE000A420ZL4), a specialist in hermetic glass-to-metal packaging for protecting safety- and mission-critical electronics is now listed on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange. electrovac’s shares started trading at a first price of EUR 7.50. This corresponds to a current market capitalization of approx. EUR 120 million.Dieter Thumfart, CEO of electrovac: “Following intense months, we are pleased that electrovac shares began trading on the Frankfurt Stock Exchange today. The successful IPO marks a new milestone in electrovac’s more than 75-year history and lays the strategic and financial groundwork for continuing our growth path. Implementation of the planned capacity expansion measures has already begun, and access to the capital market provides optimal conditions for further expanding our market share and technological leadership in glass-to-metal-sealing within Personal Safety and Aerospace & Defense.”A total of 4,416,000 shares of the Company were placed as part of the Offering. The Offering comprised 3,840,000 new shares from a cash capital increase and 576,000 existing shares in connection with an over-allotment option (greenshoe). The total placement volume amounts to EUR 34.4 million, assuming full exercise of the greenshoe option. With gross proceeds of approximately EUR 30 million, electrovac plans to expand its manufacturing capacity in Asia and establish a local presence to gain access to the U.S. defense market. If the greenshoe option is exercised in full, the company’s free float will amount to approximately 28% broadly distributed among European institutional and retail investors.In connection with the Offering, BankM and B. Metzler seel. Sohn & Co. Aktiengesellschaft („Metzler Bank“) acted as Joint Global Coordinators and Joint...