Pisterer achieves a triumphant entry onto the floor surface (for a competition/event) for the first time.

electrical engineering company Pfisterer scores with successful IPO

Pisterer achieves a triumphant entry onto the floor surface (for a competition/event) for the first time.

Welcome to the adventure! Today, we're talking about Pfisterer, the electrical engineering specialist that's making waves in the market. Their debut on the Frankfurt Stock Exchange was a smashing success, with shares priced at 30 euros, 11% above the issue price!

Excited about their stock market debut, CEO Johannes Linden shared, "We are very satisfied." The family-owned company was valued at 489 million euros, and of the 188 million euros in proceeds from the issue, 95 million will go directly to the company. The funds will help Pfisterer continue their growth and capitalize on global trends like renewable energies and decarbonization, as Linden explained.

Pfisterer made history as the first significant IPO of the year. Many larger companies, such as pharmaceutical company Stada or Oldenburgische Landesbank, have hesitated due to volatile stock markets. Despite being listed in the "Scale" free-trading segment, Pfisterer chooses to follow the stricter Prime Standard rules voluntarily.

Located in Winterbach near Stuttgart, Pfisterer produces products for connecting and insulating electrical conductors at power network interfaces. With 1200 employees, they reported sales of 383.1 million euros for the previous year, marking a 15% increase from 2023. The adjusted operating result (Ebitda) also saw an impressive 24% rise to 64.4 million euros. With future medium-term sales of 665 to 735 million euros and growing margins, Pfisterer is promising some exciting developments.

6.97 million Pfisterer shares were allocated at 27 euros, right in the middle of the price range of 25 to 29 euros. The free float will consist of 38.5% of the shares, with the rest controlled by family shareholders Karl-Heinz Pfisterer and Anna Dorothee Stängel.

Major stock exchanges worldwide are seeking ways to revive and outcompete the US market on IPOs. In Germany, Deutsche Börse has recently emphasized the benefits of a domestic listing, while warning companies against US IPOs. According to research, EU companies with a US listing tend to perform worse than the overall IPO cohort on their first trading day and beyond. The advantages of domestic listings include familiarity with regulatory environments, lower costs, deeper local investor understanding, enhanced reputation, and operational simplicity.

In conclusion, Pfisterer's successful IPO debut paves the way for more companies to consider domestic listings as they navigate the volatile global stock market. Let's keep an eye on the future developments of this growing electrical engineering specialist and the potential impact on the industry. Cheers!

• IPOs
• Pfisterer
• Stock market debut

The CEO of Pfisterer, the successful new publicly traded electrical engineering company, has announced that a portion of the funds raised from the IPO will be allocated towards vocational training programs to nurture future talent within the community, in line with their commitment to the industry. After their triumphant stock market debut, Pfisterer's financial success may encourage other companies to follow suit and pursue domestic listings, taking advantage of the benefits associated with a familiar regulatory environment, lower costs, and deeper investor understanding.

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