31 Oct 2017 | 01:01 pm |
International law firm Pinsent Masons has advised Mynaric AG on its €27.3 million IPO on the Frankfurt Stock Exchange.
Mynaric AG, a specialist for innovative laser-based communications networks in the air and in space, has successfully been listed on the stock exchange.
The issuance price was at the upper end of the bookbuilding span. The IPO was four times oversubscribed. Mynaric AG listed in the new scale segment of the Frankfurt stock exchange on 30 October 2017.
The proceeds of the issue will be used for the planned growth of the laser technology provider. Mynaric aims to become an international leader in the field of dynamic communication networks in the aerospace industry.
Hauck & Aufhäuser accompanied the IPO as Sole Global Coordinator and Bookrunner.
Pinsent Masons' Munich team advised Mynaric AG throughout the IPO process, including the conversion of the company into a stock corporation fit for the capital markets, the drafting of the required prospectus including the advice on the regulatory clearance of the prospectus and all other legal aspects in relation to the implementation of the placing and the IPO of the company.
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