Cerha Hempel Spiegelfeld Hlawati has served as Lead Counsel to Frequentis AG on an IPO in Frankfurt and Vienna.
The dual listing took place on May 14, 2019. The shares of Frequentis are traded both in the Regulated Market (General Standard) of the Frankfurt Stock Exchange and in the Regulated Market (Prime Market) of the Vienna Stock Exchange.
According to CHSH, prior to going public, around 900,000 shares were privately placed with selected investors as part of a pre-IPO. In addition, three million bearer shares were subscribed in Germany and Austria in the course of the IPO. This resulted in 1,200,000 new shares, which emerged from a capital increase of the company, and 1,800,000 shares (300,000 as part of a greenshoe option) provided by majority shareholder Johannes Bardach.
The Austrian company Frequentis, which is headquartered in Vienna, is an international provider of communication and information systems for control centers with safety-critical tasks. Frequentis has a worldwide network of branches, subsidiaries, and local representatives in over 50 countries. Products and solutions of Frequentis are deployed at more than 25,000 workplaces and in around 140 countries.
The CHSH team was jointly led by Partners Clemens Hasenauer and Volker Glas and supported by Partners Harald Stingl and Lorenz Pracht, Senior Associate Christian Aichinger, and Associates Alexander Reich-Rohrwig, Benedikt Svoboda, and Florian Dafinger.