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IPO of the Mynaric AG in Frankfurt Stock Exchange’s Scale segment

Release date: 30 Oct 2017 | Deutsche Börse Cash Market

IPO of the Mynaric AG in Frankfurt Stock Exchange’s Scale segment

Initial price: 53.75 Euro / Investors used public subscription via exchange

Deutsche Börse’s SME segment Scale is getting bigger: Mynaric AG (ISIN: DE000A0JCY11) has been listed in Scale at the Frankfurt Stock Exchange as of today. Around 500,000 new shares were placed through the IPO. The first price was €53.75, the issue price €54.00. The issue volume of the IPO was roughly €27 million.

The IPO was accompanied by Hauck & Aufhäuser Privatbankiers AG, which is also the designated sponsor for Xetra trading. Steubing AG acts as the specialist on the Börse Frankfurt venue.

New shares worth €1.5 million were issued via DirectPlace, the subscription tool of Deutsche Börse.

According to information provided by the company, the Mynaric AG (former Vialight Communications) was founded in 2009 and establishes dynamic communication networks in the air and in space with new laser communication technologies. Its wireless data transmission products include ground stations and laser terminals, which allow very large quantities of data to be sent wirelessly over long distances at high speeds.

Including today’s IPO, 49 equities and 15 corporate bonds are listed in Scale. The Scale All Share Index – which tracks all Scale-listed shares – has increased by 28 percent since March 2017 – outperforming DAX, MDAX and SDAX.

Video: IPO Mynaric AG

 

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