Stabilus S.A. shares (ISIN: LU1066226637) have been tradable in the Prime Standard of the Frankfurt Stock Exchange since 23 May. The placement volume at the initial public offering (IPO) was €261,4, of which the company received €65 million from the capital increase. The placement price was €21,50 and the initial listing price 22,75€.
The underwriting banks are Commerzbank AG and J.P. Morgan. Baader Bank AG is the specialist.
“We are delighted to be able to welcome a long-standing company from the field of gas springs and hydraulic dampers to the Frankfurt Stock Exchange” said Gregor Pottmeyer, CFO of Deutsche Börse. “The company operates internationally and will reach investors all over the world through a listing on the Prime Standard of Deutsche Börse. In addition, it has chosen to set itself the highest transparency standards.”
“The IPO is a logical step in implementing our growth strategy and the natural next step for Stabilus on the path to a successful future. Our company's strong position and the growth opportunities in Asia and North America provide a good foundation for the future of Stabilus. We are delighted by the confidence shareholders have in our company”, said Dietmar Siemssen, CEO of Stabilus.
According to information from the company, Stabilus has been active worldwide as a manufacturer and global supplier of gas springs, dampers, hydraulic cylinders and electric motor drives for almost 80 years. It has 2,400 international customers in various industries, such as the automotive and office chair manufacturing industries, furniture technology, medical technology and many other industrial applications. The company employs 3,323 staff at eleven production facilities in nine countries. It makes annual revenues of more than €400 million.
