Electrovac's Share Price Surges After IPO

Electrovac AG has seen a 12.7% increase in its share price following its initial public offering on the Frankfurt Stock Exchange. The stabilization period ended on May 29, 2026, with the stock closing at EUR 8.79, up from the offering price of EUR 7.80. The company's current market capitalization is EUR 140.6 million.

In response to positive market demand, BankM AG partially exercised the greenshoe option, trading 119,846 out of 576,000 over-allotment shares. This resulted in a stabilization measure volume totaling EUR 878,308.72. The total transaction volume reached EUR 33.5 million, with a free float of approximately 27%.

Electrovac plans to use most of the IPO proceeds to expand its production capacities globally, including in Thailand, China, and the USA. BankM's involvement in the IPO highlights its role as a supporter of SMEs in capital markets. The partnership aims to ensure long-term success rather than just transaction execution.