In a significant financial development, PFISTERER is set to commence trading on the SME Growth Market Segment Scale of the Frankfurt Stock Exchange. The company plans to begin this new chapter on May 14, 2025, following an initial public offering (IPO) that involved approximately 6.97 million shares.
The IPO consists of three components: 3.5 million new shares from a capital increase, around 2.69 million shares from current shareholders’ holdings, and approximately 0.78 million shares provided by Karl-Heinz Pfisterer in connection with an over-allotment option. The total placement volume is expected to reach EUR188 million if the Greenshoe Option is fully exercised, resulting in a market capitalization of about EUR489 million for PFISTERER.
PFISTERER anticipates gross proceeds of roughly EUR95 million from this transaction, which will be used to accelerate its growth and expand production capacities through investments at existing sites. The offering includes a U.S. tranche as part of a private placement in the United States.
Berenberg and COMMERZBANK, in collaboration with ODDO BHF, are serving as Joint Global Coordinators and Joint Bookrunners for this IPO. Landesbank Baden-Württemberg joins as Co-Global Coordinator and Joint Bookrunner, while ICF BANK acts as Co-Manager.
PFISTERER is recognized globally as an independent technology company headquartered in Winterbach near Stuttgart. It specializes in developing solutions for insulating and connecting electrical conductors across power grids worldwide. With more than 1,200 employees across 17 locations in 15 countries, PFISTERER reported revenues of EUR383.1 million last year—a 15% increase compared to the previous year.
Legal guidance for this IPO was provided by A&O’s team comprising partners Dr. Knut Sauer and Marc Plepelits among others from their Frankfurt office. In-house legal advice came from Dr. Bernd Singhof of Commerzbank AG and Joanna Wilczynska-Gluch from Berenberg.
