As of today, va-Q-tec AG (ISIN: DE0006636681) has been listed in the Prime Standard of the Frankfurt Stock Exchange. It is the first company from Deutsche Börse’s Venture Network to go public in Frankfurt.
Carsten Kengeter, CEO of Deutsche Börse, said:
Corporate and growth financing are core tasks of exchange operators. Over the last two years, we have intensely worked on launching new services around the topic of venture capital. Our objective remains to foster the startup culture and the entrepreneurial spirit in Germany.”
Hauke Stars, member of the Executive Board of Deutsche Börse responsible for the Cash Market, Pre-IPO & Growth Financing segment, added:
Our pre-IPO growth initiatives help good ideas and good businesses to stay in Germany. The first IPO of a Deutsche Börse Venture Network company confirms our goal to expand our comprehensive ecosystem for growth.”
The IPO involved admitting a total of around 13 million shares to trading. The initial listing price was €14.00 and the issue price €12.30.
The IPO was accompanied by Berenberg, equinet and MainFirst. The first two banks are acting as a designated sponsor on Xetra. Equinet holds the role of the specialist on the Börse Frankfurt venue.
According to information provided by the company, va-Q-tec is a provider of high performance products and solutions in the field of thermal insulation. The company develops, manufactures and sells innovative, thin vacuum insulation panels (VIPs) and phase change materials (PCMs) for reliable and energy efficient temperature control and insulation. Furthermore, by integrating VIPs and PCMs, va-Q-tec manufactures passive thermal packaging solutions (containers and boxes), which offer constant temperature conditions between 24 and over 200 hours without using external energy sources.
The company was founded in 2001, and has its headquarters in Würzburg.