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Start of subscription for onoff AG shares in the Scale stock exchange segment

Release date:
25 Feb 2019
| Deutsche Börse Cash Market

Start of subscription for onoff AG shares in the Scale stock exchange segment

First IPO of the year to take place in Frankfurt / Scale segment turns two years old

Onoff AG (ISIN: DE000A2BPNB1) is the first IPO of the year on the Frankfurt Stock Exchange. The company's shares are listed in the SME segment Scale and can be subscribed on the Frankfurt Stock Exchange as of today. The subscription period is expected to run until 1 March – the second birthday of the Scale stock exchange segment.

The price range of the shares is €16.00 – 18.00. A total of up to 1.25 million securities are to be placed, of which up to 500,000 from a capital increase. The start of trading in the Scale segment is planned for 6 March. The issue is accompanied by mwb fairtrade Wertpapierhandelsbank AG.

According to its own statements, onoff AG is a specialist for automation solutions for the process industry and utilities. With over 160 employees, the company has offices in Wunstorf, Berlin, Werne, Frankfurt, Augsburg and Vienna.