Mynaric AG
IPO of Mynaric AG significantly oversubscribed – issue price set at 54.00 euros per share
DGAP-News: Mynaric AG / Key word(s): IPO NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. – The specialist for laser-based communication networks generated gross proceeds of 27.3 million euros – Offered shares covered over 4 times at the placement price of 54.00 euros – First listing on the Frankfurt Stock Exchange in the Scale segment planned for 30 October 2017
The offering of Mynaric AG included up to 440,000 shares from a capital increase and an overallotment option (‘green-shoe option’) consisting of up to 66,000 shares, also from a capital increase. All 506,000 shares offered were placed. The placement volume including the green-shoe option therefore totals around 27.3 million euros. ‘The high demand for our shares shows that investors see significant growth potential in Mynaric. We have positioned ourselves excellently with promising laser technology in an exciting future market. Our technology has the potential to revolutionise the existing network infrastructure. As such, our entry to the stock market gives us new opportunities,’ said Dr Wolfram Peschko, CEO of Mynaric AG. The proceeds generated by the IPO are intended primarily for the creation of serial production capabilities. This requires investments in measurement systems and assembly. In addition, the proceeds are to be used to fund the further development of laser terminals for space, the general improvement of the performance of the products and continued internationalisation. The shares of Mynaric AG are expected to be traded in the scale segment of the Frankfurt Stock Exchange from 30 October 2017. The Mynaric AG shares carry the International Securities Identification Number (ISIN) DE000A0JCY11 and the securities identification number (WKN) A0JCY1. Hauck & Aufhäuser acted as sole global coordinator and bookrunner for the IPO.
The public offerings submitted via the XETRA subscription functionality of the Frankfurt Stock Exchange (the “Subscription Functionality”) were handled according to the following allocation key: Only offers which were submitted at the final offer price of 54.00 euros per share were allocated; subscription orders under 10 shares were not allocated; subscription orders of more than 10 shares were allocated 7.5 per cent of the respective subscription volume (at least 10 shares), whereby rounding was used. Following allocation, investors receive a separate securities settlement note from their depositary bank. Investors can also receive additional information on the shares allocated to them from their depositary bank. The principles for the allocation of share issues to private investors, which were published by the exchange expert commission at the German Federal Ministry of Finance on 7 June 2000, were adhered to, and the allocation for subscription offerings via the Subscription Functionality was carried out according to uniform criteria. Preferential allocation to board members of Mynaric AG or their relatives, to employees or to business partners of Mynaric AG did not occur.
Mynaric (formerly Vialight Communications) is a manufacturer of laser communication technologies for building dynamic communication networks in air and in space. The products for wireless data transmission include ground stations and laser terminals that allow very large quantities of data to be transmitted wirelessly at high speed over long distances.
Jan Hutterer Important information
25.10.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Mynaric AG |
Friedrichshafener Str. 3 | |
82205 Gilching | |
Germany | |
E-mail: | mynaric@kirchhoff.de |
Internet: | www.mynaric.com |
ISIN: | DE000A0JCY11 |
WKN: | A0JCY1 |
Listed: | Regulated Unofficial Market in Tradegate Exchange; Open Market (Scale) in Frankfurt |
Notierung vorgesehen / intended to be listed (Frankfurt, Open Market, Scale) |
End of News | DGAP News Service |