Adverse market conditions call halt to Breitenfeld IPO

Breitenfeld AG, one of DZ Equity's portfolio companies, has postponed a proposed IPO and ended the management roadshow. Despite strong interest from institutional investors particularly from the UK and the US, it was decided to not continue the offering due to adverse market conditions.

Breitenfeld AG, headquartered in Mitterdorf/Wartberg, is owned by current shareholders FIDES private foundation, Fortis private foundation and DZ Equity Parters GmbH, which intended to sell a combined total of 2.5 million shares. Including the shares available through a greenshoe offering, the offering was planned to comprise 7.475 million shares, which would have resulted in a free float of up to 53.2% after the capital increase and the exercise of the greenshoe option. The price range was set between EUR28 and EUR36.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH