IBU-tec advanced materials AG (ISIN: DE000A0XYHT5) was listed in the Frankfurt Stock Exchange's new Scale segment today, making it the first IPO in the new segment for small and medium-sized enterprises (SMEs). IBU-tec's placement volume amounted to around €20 million.
The initial listing price was €17.10 and the issue price €16.50. ICF BANK AG, which led the IPO, is also the designated sponsor for Xetra trading and the specialist for the Börse Frankfurt venue.
According to company sources, IBU-tec advanced materials AG is a research and production service provider that develops new compounds for inorganic materials and improves material properties of existing products. One of its focuses is on green mobility. Based in Weimar, IBU-tec employs around 150 people.