Hogan Lovells advises va-Q-tec on initial public offering

Led by Frankfurt based partner Michael Schlitt Hogan Lovells has advised va-Q-tec AG on their initial public offering. 

The offer consists of 6,127,559 shares in total, of which 4,017,857 new shares source from a capital increase and 2,109,702 from the holdings of existing shareholders. Additionally, investors may be allotted another 919,133 shares of a security loan as part of an over allotment option ("greenshoe-shares").

The shares are being offered within a specified offer duration for private and institutional investors beginning from the 21st until 29th of September.

The price margin for the issue of the shares falls between €11.20 and €13.40. The final issue price will be determined towards the end of the offer duration by means of a book building procedure. Considering all relevant factors, the volume of the offer will be between €79 million and €84 million.

Stating on 30 September, the new shares of va-Q-tec AG shall be traded on the regulated market segment (Prime Standard) of the Frankfurt Stock Exchange.

The share prospectus to enable admission to offering and trading of va-Q-tec Ag shares' was approved by the German Federal Financial Supervisory Authority (BaFin) on 21 September. 

Hogan Lovells for va-Q-tec

Prof. Dr. Michael Schlitt (Partner), Dr. Susanne Lenz (Counsel), Thomas Poss (Senior Associate), Sebastian Seibold (Associate), Nona Naydenova (Projects Associate), Walter Andert (Projects Associate), Christian Schröder (Capital Markets, Frankfurt);

Dr. Nikolas Zirngibl (Partner), Peter Huber (Counsel, Corporate, München); 

Guido Brockhausen (Counsel, Corporate, Düsseldorf);

Ariane Mehrshahi (Senior Associate, Corporate, Luxemburg);

Dr. Heiko Gemmel (Partner), Anne-Svenja de Kiff (Associate, Tax, Düsseldorf);

John Basnage (Partner), Oliver Reimers (Associate), Mary Ma (Associate, US-Law, London).


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