Mr. Spex

Of the proceeds from the issue, 245 million euros will flow directly into Mister Spex’s cash register, the rest will go to the existing shareholders.

Munich The Berlin online optician Mister Spex took in 375 million euros with its IPO. 15 million shares were allotted at 25 euros each, in the middle of the price range from 23 to 27 euros, as the company announced on Wednesday.

Of the proceeds from the issue, 245 million euros will flow directly into Mister Spex’s cash register, the rest will go to the existing shareholders. On Friday, Mister Spex stocks will be traded on the Frankfurt Stock Exchange for the first time. At the issue price, the company, which was founded in 2007, has a market value of 829 million euros.

“Thanks to the high level of investor interest, we can use the additional funds from the IPO to implement our ambitious growth plans at full speed both in Germany and internationally,” said Board Member Mirko Caspar. “The strong growth of our online business in combination with an accelerated expansion of our branch network consolidates our double-digit growth rates.”

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