Solutronic AG joined the Entry Standard of the Frankfurt Stock Exchange on 25 November. The public offering (with prospectus) included 1,840,000 new shares (including a greenshoe of 240,000 shares). The issue price was €11.00 and the initial listing price €10.98.
The underwriter, designated sponsor and lead broker is equinet Bank AG.
“With the Entry Standard we offer the right segment for all companies that want their equities to be traded efficiently while meeting few formal requirements”, said Barbara Georg, Head of Listing & Issuer Services at Deutsche Brse.
“With Solutronic AG we now list 121 companies in the Entry Standard.” According to information provided by the company, Solutronic AG specializes in the development and marketing of grid-connected photovoltaic inverters. “Today marks a significant day for our company. The IPO gives us the financial means to expand our business and strengthen our team of developers. We are happy about successfully making our debut at the stock exchange; it has given us an additional strong thrust of motivation,” said Wieland Scheuerle, CEO of Solutronic AG.
New entrants to the Frankfurt Stock Exchange in 2010 by segment are: Prime Standard 8, General Standard 10, Entry Standard 17, Open Market 137.
D.C.