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30/03/2017 11:24:59
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IBU-tec AG IPO on Frankfurt Stock Exchange

The research and production service provider was the first First Scale IPO. First price was €17.10 after issuing for €16,50. Placement volume reached around €20 million.
30 March 2017. FRANKFURT (Börse Frankfurt). IBU-tec advanced materials AG (ISIN: DE000A0XYHT5) was listed in the Frankfurt Stock Exchange's new Scale segment today, making it the first IPO in the new segment for small and medium-sized enterprises (SMEs). IBU-tec's placement volume amounted to around €20 million.

The initial listing price was €17.10 and the issue price €16.50. ICF BANK AG, which led the IPO, is also the designated sponsor for Xetra trading and the specialist for the Börse Frankfurt venue.

According to company sources, IBU-tec advanced materials AG is a research and production service provider that develops new compounds for inorganic materials and improves material properties of existing products. One of its focuses is on green mobility. Based in Weimar, IBU-tec employs around 150 people.

30 March 2017, © Deutsche Börse AG

Hauke Stars (Management Board, Deutsche Börse AG), Ulrich Weitz (CEO, IBU-tec AG)

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