SMAG Mobile Antenna Masts AG Details IPO Plans

SMAG Mobile Antenna Masts AG announced the price range and offer structure for its upcoming initial public offering. Shares will be priced between EUR 46.00 and EUR 54.00, with the offering comprising up to 650,000 new shares and 2,167,500 existing shares, including an over-allotment option. The total offer volume is projected between EUR 129.6 million and EUR 152.1 million, with a free float expected at 49.9% post-IPO.

The offering is set to begin on July 2, and will end by July 8, with trading expected to commence around July 13 on the Frankfurt Stock Exchange. SMAG aims to raise about EUR 30.5 million from the primary capital increase to support strategic growth initiatives.

CEO Ulrich Feindt highlights strong demand in defense communications infrastructure, positioning the company well for future growth. The planned investments aim to scale production capacity, expand the sales organization, and strengthen working capital.