Vincorion announced Friday that it has fixed the sale price for its planned listing on the Frankfurt Stock Exchange at €17 per share, which implies a total market capitalization of €850 million, or about $978.6 million. The German industrial group said it will make up to €345 million of shares available to investors as part of the offering.
The company said the public offer period is expected to open on Monday, and the shares are slated to begin trading on March 20. Those timing elements were described as expected, indicating the schedule is planned ahead of the proposed debut.
Vincorion’s product line spans power and stabilization technologies for defense and aviation applications. The company manufactures hybrid energy systems, microgrids and emergency power generators. It also supplies stabilization systems designed for military platforms, naming tanks and air defense systems such as the U.S.-made Patriot missile system as examples of platforms that use its equipment.
In connection with the planned listing, Vincorion disclosed that several institutional investors have committed to participate. Key investors, including Fidelity International and Invesco Asset Management, have agreed to buy around €105 million of shares, the company said. That bloc of commitments represents a portion of the overall offering size.
The transaction details released by Vincorion emphasize the headline pricing, the planned offering size and the timing for the offer period and first day of trading. The company’s commercial focus on energy systems and stabilization equipment for military platforms underscores the defense and aviation orientation of its business operations.
Market participants will monitor execution of the offering when the sale period opens and observe whether the planned schedule and investor commitments hold through to the planned March 20 trading debut.