For electrovac AG’s planned IPO, BankM AG — acting as Joint Global Coordinator and Joint Bookrunner — has developed an offering structure designed to significantly accommodate retail investors as well as institutional investors. Through a private placement and a public offering, the technology leader in hermetic packages aims to generate net proceeds of approximately EUR 30 million. Additional shares will be sold from the existing shareholders of the company. To make sure that individual subscribers receive an attractive allocation ratio within the public offering, the offering structure aims at allocating a signifiacant portion to retail investors as a whole.
“We are very pleased to see that the number of retail investors in Germany is growing and that mediumsized companies are once again going public. We aim to bring these two trends together so that the “P” becomes a genuine part of the IPO. By offering multiple subscription options, we aim to provide broad access, and our research will be available to retail investors free of charge to enable them to make informed decisions,” Thomas Stewens, member of BankM AG‘s Management Board, explains the core idea.
Currently, retail investors participating in an IPO are reliant on their custodian bank being part of the underwriting syndicate or having access to Deutsche Börse AG’s subscription portal. For the electrovac IPO, an additional direct subscription option will therefore be made available on the issuer’s website. Interested parties will be able to place orders via an integrated subscription tool once the subscription period begins. Regardless of the subscription option used, all retail orders are expected to be fulfilled on a significant scale. Details regarding the subscription options will be published in due course as part of the ongoing IPO preparations.
Contact:
Thomas Stewens
BankM AG
Baseler Straße 10
60329 Frankfurt
Phone: +49 (0) 69 71 91 838-0
Fax: +49 (0) 69 71 91 838-50
Email: pr@bankm.de
Internet: www.bankm.de
About BankM AG:
Creating viable financing structures, enabling sustainable investments. This has been the goal of BankM AG since 2007. Offering relationship banking for the capital markets with a well-coordinated, interdisciplinary team, BankM is one of the leading providers in the SME segment in the areas of securities settlement, SME bonds and designated sponsoring. The broad range of services also includes capital market advisory, arranging IPOs and capital increases for equity financing, research, debt advisory and debt capital mediation as well as venture capital, private equity and M&A.
