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Today, the shares of VAT Group AG have been listed in accordance with the «International Reporting Standard» and are traded on SIX Swiss Exchange for the first time. 12,000,000 shares have been placed and Partners Group and Capvis have granted the syndicate banks an over-allotment option of 1,800,000 shares. The opening price on SIX Swiss Exchange was CHF 52.00. At this price, the placement volume corresponds to an amount of CHF 624 Million and a total market capitalization of CHF 1.56 Billion. With this, VAT Group AG is the largest IPO in Europe year to date.
According to the listing prospectus, a total of 30,000,000 registered shares with a nominal value of CHF 0.10 were registered in the Commercial Register and listed on SIX Swiss Exchange.
VAT is a global developer, manufacturer and supplier of high-end vacuum valves, multi-valve modules, edge-welded bellows, and related products and services. Vacuum technology is an integral part of advanced manufacturing processes applied in a wide range of end markets including semiconductors, displays and solar energy as well as general industrial applications. VAT’s high-end vacuum valves are mission-critical components at the core of advanced vacuum-based manufacturing processes controlling and regulating vacuum pressure and gas flow. The manufacturers of semiconductors, displays and solar products rely on accurately controlled, high-vacuum and high- purity environments to cope with the increasing miniaturization and sophistication of electronic applications. VAT’s high-end vacuum valves are a key enabler of the technological evolution in high- vacuum process technology, standing for zero particles, highest purity and reliability.
