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Aumann AG (ISIN: DE000A2DAM03) was listed in the Prime Standard of the Frankfurt Stock Exchange today, Deutsche Börse just announced. The placement volume of the company was around €250 million.
The initial listing price was €48.20; the issue price €42.00. Berenberg, Citigroup and Hauck & Aufhäuser led the IPO. Berenberg is also the designated sponsor for Xetra trading. Oddo Seydler is the specialist on Börse Frankfurt.
According to company sources, Aumann AG is a worldwide manufacturer of innovative specialised machinery and automated production lines, focusing on electro mobility. The company combines unique winding technology for the production of electrical motors and has decades of automation experience, particularly in the automotive industry. In 2016, Aumann generated revenue of €156 million.