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Vienna Stock Exchange: Frequentis Second IPO On The Prime Market In 2019

Date 14/05/2019

  • First stock market price of 18.1 Euro
  • prime market as top segment offers large international stage
  • Motives for IPO: Transformation from family-owned to a management-run company

Frequentis AG started trading under the symbol FQT (ISIN: ATFREQUENT09) on the prime market, the top segment of the Vienna Stock Exchange, today. Following the Marinomed Biotech’s IPO in February, Frequentis’ IPO is already the second one in Austria this year. The first stock market price was EUR 18.1. The market capitalisation thus amounts to EUR 238.92 million, the company’s free float is around 25%. On the second day of trading, 15 May 2019, Frequentis will be added to the indices “ATX prime”, “ATX global players” and “ATX family”. Raiffeisen Centrobank AG, in the function of specialist, and Erste Group Bank AG and Lang & Schwarz, in the function of market makers, will ensure high quality in pricing in continuous trading.

At the start of trading, majority shareholder Johannes Bardach rings the bell together with Vienna Stock Exchange CEO Christoph Boschan. "A key strategic motive for the IPO was to ensure the sustainable development of Frequentis by transforming from a family owned to a publicly listed company. Direct access to the capital market supports this process," says majority shareholder Hannes Bardach on the occasion of the IPO. "The IPO ensures our long-term financial independence and finances sustainable growth. Our head office is in Vienna - our presence on the Vienna Stock Exchange is therefore only logical and opens the door for us to international and domestic investors," adds Frequentis CEO Norbert Haslacher.

"With Frequentis, we are welcoming the second IPO of an Austrian global player this year. In 2019, two out of four IPOs in the German-speaking region were carried out by Austrian companies. In times when the number of IPOs and the issuing volumes are declining worldwide, this signals the attractiveness of Austrian companies and the Vienna Stock Exchange," says Vienna Stock Exchange CEO Christoph Boschan.

Frequentis sells highly complex communication and information systems for the safety-critical sector, such as air traffic control authorities all over the world, but also to police, fire brigades, rescue services, coastguards and railway companies. Over the past 30 years, the company has evolved from a small business to a global player.

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 Appendix:

  • Link to photo gallery: Frequentis Supervisory Board Chairman and majority shareholder Hannes Bardach and Vienna Stock Exchange CEO Christoph Boschan (more images available from 10:30 a.m.)