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Mynaric AG Plans IPO On Frankfurt Stock Exchange - Quick Facts

Mynaric AG announced the Group is preparing its IPO on the Frankfurt Stock Exchange. As part of its initial listing, which is scheduled for autumn 2017, the company plans to offer new shares via a public offering in Germany and a private placement outside of Germany and the USA to raise funds totalling around 20 million euros. Existing shareholders will not sell any shares as part of the IPO.

Mynaric (formerly Vialight Communications) is a manufacturer of laser
communication technologies used to establish dynamic communication networks
in the air and in space. Mynaric AG was founded in 2009 by former employees of the German Aerospace Centre.

The company said the proceeds generated by the IPO are to be used primarily for the planned launch of series production.

by RTTNews Staff Writer

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