CM-Equity AG

  • Land: Deutschland

Nachricht vom 25.09.2014 | 12:42

SNOWBIRD AG: 1.6m shares placed at upper end of price range at 6.00 EUR mainly with institutional investors - CM-Equity conducts the transaction as Global Coordinator and Lead Manager.


(DGAP-Media / 25.09.2014 / 12:42)

Snowbird AG (International Securities Identification Number: DE000A1PHEL8,
German Securities Identification Number: A1PHEL,Ticker Symbol 8S9), one of
the leading companies in down processing and manufacturing of high quality
down, down clothing and down bedding, closed its subscription period today
as scheduled. Based on the orders received the Snowbird management together
with the Global Coordinator & Lead Manager, CM-Equity AG, set the issue
price for the Snowbird shares at 6.00 EUR which is at the upper limit of
the price range (5.50 to 6.00 EUR). The Proceeds of the IPO ensure future
profitable growth for Snowbird AG.

First Trading Day
The first day of trading of Snowbird AG shares in the Prime Standard
Segment of the Frankfurt Stock Exchange is scheduled for next Monday, 29
September 2014.

Capital increase
During the subscription period 1,583,334 shares could be placed mainly with
institutional investors. Retail investors count for approximately 20
percent of the placements. The distribution between investors from Asia and
Europe is approximately 50:50. The free float after listing will be
approximately 22 percent. After the IPO capital increase the nominal
capital of Snowbird AG is 31,583,334 EUR divided into 31,583,334 shares.
The derived company value therefore is ca. 190m EUR.

Use of IPO proceeds
Supported by existing credit lines the gross proceeds from the IPO of 9.5m
EUR ensure financing the expansion of the existing production capacity as
scheduled and increase the working capital, especially inventories and
receivables.

Yan Changzai, CEO and founder of Snowbird: "During the last weeks we had
excellent meetings with many high-profile institutional investors in Asia
and Europe. Additionally we had fruitful meetings with potential European
B2B partners that help us to enter the European market. We thank all the
investors who believe in our equity story and gave us their confidence. We
will not disappoint you. With the successful Initial Public Offering we set
the next step for our expansion strategy within China and towards Europe.
The listing in Frankfurt is a milestone in Snowbird's history. Snowbird is
a mid-size and family-owned company. Together with my colleagues and my
family, I will continue our strong efforts to further develop the company
to become the global leading down processor."

The transaction was accompanied by CM-Equity AG as Global Coordinator and
Lead Manager. The Company's investor relations adviser is max. Equity
Marketing GmbH, Munich.

Service
The prospectus, approved by BaFin, as well as additional information about
the company and the IPO are provided on the new Snowbird website
www.snowbird-ag.com


IMPORTANT NOTE - Disclaimer
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The shares in Snowbird AG (the "Shares") may not be offered
or sold in the United States or to or for the account or benefit of "U.S.
persons" (as such term is defined in Regulation S under the U.S. Securities
Act of 1933, as amended (the "Securities Act")). Furthermore, the shares
may not be offered or sold in Japan or to or for the account or benefit of
Japanese citizens. No offer or sale of transferable securities is being
made to the public outside Germany and Luxembourg. The offer in Germany and
Luxembourg will be made exclusively by means of and on the basis of a
prospectus published on the company's website www.snowbird-ag.com and
available free of charge at CM-Equity AG, Munich.




Language: English Company: CM-Equity AG Kaufingerstr. 20 80331 München Deutschland Phone: +49 89 1890474-0 Fax: +49 89 1890474-99 E-mail: ipo@cm-equity.de Internet: www.cm-equity.de End of Media Release --------------------------------------------------------------------- Issuer: CM-Equity AG Key word(s): Finance 25.09.2014 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 288717 25.09.2014

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