Pfisterer achieves status as Germany's inaugural IPO in the year 2025
hero #German IPOs Shine: Pfisterer and Verve Group SE Debut Successfully
🔥 Let's dive into the latest happenings in the world of stock exchanges as Pfisterer and Verve Group SE make their grand entrances!
Pfisterer: A Family Affair With a Big Splash
🇩🇪 It's the kickoff for IPOs in Germany, and we've got our first contender - Pfisterer, the pioneering electric cable connection technology provider from Baden-Württemberg. The subscription period has closed, with the shares set to hit the market at €27 apiece - right smack at the top end of the anticipated range. Just before announcing pricing, the family-owned firm trimmed its price band from ¥25-¥29 to €26-€27.
📅 Mark your calendars for Wednesday, folks, as that's the day the shares will start trading. The offering was led by Berenberg and Commerzbank/Oddo BHF.
🤑 The greenshoe option was exercised, bringing the total proceeds to a hefty €188 million. Approximately half of that loot goes to the company, while the great-grandson of the founder, Karl-Heinz Pfisterer, pockets the other half. With an initial market cap of over €500 million, the family business is ready to rock and roll! If all 6.97 million shares are placed, up to 38.5% of the stock will be in free float after the IPO.
Qualco: The Greek Fintech Firm Hits the Jackpot
💰 Over in Athens, another IPO is causing quite a stir. Greek fintech firm Qualco successfully positioned its IPO in the upper end of the €5.04 to €5.46 price range, targeting a whopping €113 million in funds. UBS was the lead manager on the deal, and the final pricing, confirmed after the books closed, responded to strong demand, with the offering heavily oversubscribed.
📊 It's worth mentioning that Pfisterer secured demand even before announcing its IPO, while Qualco only gauged investor appetite during the bookbuilding phase. But it's clear that both companies' shares have found strong demand and achieved favorable pricing, which can be seen as an encouraging sign for the IPO market.
Verve Group SE: Making a Move on the Frankfurt Stock Exchange
🇨🇦 On Monday, Swedish ad-tech firm Verve Group SE began trading on the Frankfurt Stock Exchange Regulated Market, following its uplisting. Its share price briefly soared 4.4% to €3.96, implying a market cap of an impressive €740 million - placing it in contention for an SDax slot.
🏆 These successful listings show that despite the current economic climate, the IPO market still holds immense potential for growth and innovation. A toast to the future! 🥂
In the ongoing German IPOs, Pfisterer, a family-owned electric cable connection technology provider, has set the shares to trade at €27 each, raising €188 million and making their initial market cap over €500 million.
Meanwhile, the Greek fintech firm Qualco has achieved a successful IPO with a share price at the upper end of its range, targeting €113 million, and UBS leading the deal. Both companies have seen strong demand and favorable pricing, indicating a promising outlook for the IPO market. Additionally, Swedish ad-tech firm Verve Group SE has begun trading on the Frankfurt Stock Exchange, with a market cap of an impressive €740 million.
