STEMMER IMAGING joined the Frankfurt Stock Exchange today and in morning trading the share price rose to more than €36. This is an increase of more than 7% compared to the issue price of €34.
CEO of STEMMER IMAGING Christof Zollitsch said: “The successful IPO is an important milestone for us and basis for an ambitious growth strategy. STEMMER IMAGING has excellently positioned itself in an exciting future market. With the proceeds of the IPO we now want to build on this successful development and implement our expansion and innovation plans. We are excited to continue our growth story as a now listed company.”
The company said that the issuing proceeds of €51m generated by the IPO will primarily be used for the realization of inorganic growth potentials to strengthen the competitive position in the European market. Furthermore, the issuing proceeds generated with the offer shall also be used for the development of new types of products, solutions and services in the area of image processing.
The shares of STEMMER IMAGING carry the international securities identification number (ISIN) DE000A2G9MZ9 and the German securities code (WKN) A2G9MZ.