Aumann Frankfurt Stock Exchange IPO

Overview:

• Germany electric engine manufacturer Aumann undertook its IPO on the Frankfurt Stock Exchange as the business raised funds to expand.
• The IPO, which was the first on Frankfurt's Prime Standard in 2017, raised around €251 million through the sale of 5.98 million shares at €42 million each (almost the top of its €35 - €43 price range). 
• German private equity firm MBB, which owned 93.5% of Aumann prior to the IPO, sold almost half its share in the business in taking the company public, dropping its stake to 53.6%.
• Berenberg, Citigroup and Hauck & Aufhäuser were underwriters on the IPO. 

Ben Naylor - Regional editor