Ashurst is advising IBU-tec advanced materials AG (IBU-tec) in relation to its IPO on the Frankfurt Stock Exchange's Scale segment, scheduled for 30 March 2017.  The transaction is the first IPO in the newly founded segment for small and medium sized companies, which was launched on 1 March.

The offering comprises up to 1 million new shares and the placement price was set at 16.50 Euro per share, with all shares placed with investors. The gross proceeds of the entire transaction, including the over-allotment option, are approximately €20.0 million, with approximately €16.5 attributed to IBU-tec.
The IPO was structured as a so-called Safe IPO. Before launching, IBU-tec had already received purchase offers within the bookbuilding range from selected institutional investors covering the amount of the capital increase.

Ashurst advised the company both on its reorganisation and on the preparation of all transaction documentation, including the securities prospectus. ICF BANK AG is acting as sole global coordinator and sole bookrunner of the IPO.

Ashurst's core team comprised of corporate finance partner Matthias von Oppen (lead) as well as senior associate Dr Ian Maywald and associate Joanna Wilczynska-Gluch. Counsel Dr Gerrit Clasen advised in relation to stock corporation law (all from Frankfurt)

IBU-tec is a development and production service provider in the field of thermal treatment of inorganic substances. The materials produced by the Weimar-based company are used, for example, in catalytic converters for exhaust gas purification in combustion engines. In addition, IBU-tec is active in the area of e-mobility manufacturing materials for lithium-ion batteries for its customers.