Electrovac AG Sets IPO Price at EUR 7.80 per Share

Electrovac AG has announced the final offer price for its initial public offering (IPO) at EUR 7.80 per share. A total of 4,416,000 shares are part of the offering, comprising 3,840,000 new shares from a capital increase and 576,000 existing shares. The IPO aims to raise EUR 34.4 million, with the company expecting gross proceeds of EUR 30 million to expand its production capacities. Based on this offer price, Electrovac AG's market capitalization is set at approximately EUR 125 million.

If the greenshoe option is fully exercised, the company's free float will be approximately 28%. Trading on Frankfurt Stock Exchange’s Prime Standard is anticipated to start on April 30, 2026, under the symbol “EVAC”. BankM AG and B. Metzler seel. Sohn & Co. Aktiengesellschaft are acting as Joint Global Coordinators for the offer.