DGAP-News: va-Q-tec AG / Key word(s): IPO
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va-Q-tec AG sets IPO price at EUR 12.30 per share
Würzburg, 29 September 2016. va-Q-tec AG (or the "Company") and Berenberg as Sole Global Coordinator of the Initial Public Offering ("IPO" or "Offering"), have set the final offer price for va-Q-tec AG shares at EUR 12.30 per share.
A total of 6,738,656 shares were allotted to new investors in the context of the Offering. Thereof 3,750,000 newly issued shares ("New Shares") result from a capital increase, corresponding to EUR 46.1 million gross proceeds for the Company. In addition, 2,109,702 secondary shares ("Sale Shares") were placed from the holdings of several current shareholders, and additional 878,954 shares were used to cover over-allotments ("Over-Allotment-Shares").
The total offer volume, including over-allotments, amounts to EUR 82.9 million and equates to a market capitalization of EUR 161.0 million for va-Q-tec AG.
As a result of the implementation of the IPO capital increase, the total share capital of
"We have received great feedback from the investors during the roadshow. By investing into our Company, they placed great trust in our growth strategy going forward. The proceeds from the IPO give us the financial flexibility to expand our technology leadership and grow faster than our underlying markets - especially in the Healthcare & Logistics environment", said Dr Joachim Kuhn, CEO of va-Q-tec AG.
The va-Q-tec shares will be traded on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange under the ticker symbol "VQT", the ISIN DE0006636681 and the German securities identification number (WKN) 663668 from 30 September 2016.
Berenberg is acting as Sole Global Coordinator and Joint Bookrunner to the transaction, with MainFirst Bank as Joint Bookrunner and equinet Bank as Co-Lead Manager.
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