An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.
Pinsent Masons advised KATEK SE and Hauck & Aufhäuser Privatbankiers AG on KATEK SE’s initial public offering on the regulated market of the Frankfurt Stock Exchange.
Led by corporate partner at Pinsent Masons Dr. Alexander Thomas, the firm prepared the IPO prospectus and assisted in the prospectus approval process. Hauck & Aufhäuser acted as Sole Global Coordinator and together with M.M.Warburg & CO as Joint Bookrunners for the IPO.
Commenting on the listing, Dr. Alexander Thomas, said: “We are delighted to have joined the Joint Bookrunners in the successful IPO of KATEK SE. KATEK is a very dynamic and high-growth company that addresses global trends such as the rise of electric vehicles and the need for e-mobility charging stations, the increasing demand for solar energy and innovative healthcare solutions.
By going public, KATEK is taking the next step in its growth story.”
KATEK SE is the parent company of the KATEK Group, a leading European electronics company offering hardware and software development, prototyping and manufacturing, and related services.
The range of services covers the entire life cycle of electronic assembly projects and devices.
All 3,948,042 shares were placed at a price of EUR 23.00 per share. The offering comprised 3,433,080 newly issued shares from a cash capital increase and 514,962 shares from the holdings of existing shareholders as part of an over-allotment in line with market conditions.
KATEK SE plans to use the circa EUR80 million proceeds of the IPO to advance its growth strategy.
The team at Pinsent Masons included capital markets partner Dr. Susanne Lenz, capital markets senior associate Dušan Stojković and associate Sara Šepac.