Metzler Acts as Joint Global Coordinator in the IPO of electrovac AG

Metzler Bank acted as Joint Global Coordinator and Joint Bookrunner in the initial public offering (IPO) of electrovac AG (“electrovac”). A total of 4,416,000 shares were placed as part of the IPO.

The offering comprised 3,840,000 newly issued shares from a cash capital increase as well as 576,000 existing shares from the holdings of Electrovac Holding AG in connection with an over-allotment option (greenshoe).

The total placement volume amounted to EUR 34.4 million. Based on the final offer price, the company’s market capitalization will amount to approximately EUR 125 million. The free float stands at around 28 percent.

electrovac AG, headquartered in Salzweg, is a specialist in hermetic packaging and manufactures state-of-the-art glass-to-metal sealing products to protect safety-critical and system-critical electronics.