Asta Energy Solutions AG announced on Monday that it has established a price range for its upcoming initial public offering of €27.50 to €29.50 per share. The company said the fixed primary offering is designed to generate about €125 million in gross proceeds.
Including the potential exercise of a greenshoe option, Asta indicated the total size of the transaction could reach up to €190 million. The company opened the offer period on Monday, with the subscription window expected to close on or around Thursday. The ultimate offer price will be set through a bookbuilding process.
Management expects shares to begin trading on the regulated market - Prime Standard - of the Frankfurt Stock Exchange on or around Friday, following completion of the offering.
Assuming full placement of the shares offered, the post-offering free float is projected to be up to approximately 39%.
Asta has stated that it plans to deploy the gross primary proceeds of roughly €125 million to accelerate its growth and support business expansion.
Separately, Siemens Energy has provided a pre-commitment to acquire shares in the offering. The company confirmed a commitment to purchase an amount equivalent to approximately €25 million at the final offer price.
Below are the key items and contextual elements drawn directly from the company's announcement:
- Price range: €27.50 to €29.50 per share.
- Gross primary proceeds from the fixed offering: approximately €125 million.
- Total potential deal size including greenshoe: up to €190 million.
- Offer period: begins Monday and expected to finish on or around Thursday; final price via bookbuilding.
- Expected listing: trading on Prime Standard of the Frankfurt Stock Exchange on or around Friday.
- Estimated free float after the offering: up to approximately 39%, subject to share placement.
- Strategic use of proceeds: to accelerate growth and business expansion.
- Anchor investor commitment: Siemens Energy pre-committed to purchase about €25 million worth of shares at the final offer price.
The announcement sets the operational timetable for the offering and establishes the financing targets Asta Energy Solutions intends to pursue. Details on the final price and exact allocation will be resolved at the close of the offer period through the bookbuilding process.