| Description | New Company (Regulated Market) |
| Transparency Standard on First Quotation | Prime Standard |
| Transaction Type | New Issue |
| Supersector | Industrials |
| Sector | Industrial |
| Subsector | Advanced Industrial Equipment |
| Country | Germany |
| Symbol | V1NC |
| First Trading Day | Mar 20, 2026 |
| ISIN | DE000VNC0014 |
| Class | Bearer shares without par value |
| Offering Period | Mar 16, 2026 - Mar 19, 2026 |
| Issuing Method | Fixed Price Procedure |
| Bookbuilding Range | - |
| Subscription Price | € 17.00 |
| First Price | € 19.30 |
| Leading Underwriter | BNP PARIBAS, J.P. Morgan SE, Berenberg |
| Underwriter | Joint Global Coordinators & Joint Bookrunners: |
| Placement Volume excl. Greenshoe | € 300,050,000.00 |
| Placement Volume in Shares excl. Greenshoe | 17,650,000 |
| Placement Volume incl. Greenshoe | € 345,057,500.00 |
| Placement Volume of Executed Greenshoe | |
| Placement Volume of New Shares | 0 |
| Placement Volume of Existing Shares | 20,297,500 |
| Greenshoe in Shares | 2,647,500 |
| Greenshoe Executed in Shares | |
| Priority Allocation | Supervisory board members, certain employees and certain other friends & family investors intend to acquire Offer Shares at the Offer Price. Based on Offer Price, the Cornerstone Investors will acquire 6,149,642 Offer Shares. |
| Allocation friends & family | |
| Capital Stock / Shares on First Quotation | 50,000,000 |
| Total Market Cap on First Quotation | € 965,000,000.00 |
| Market Cap (Free Float) on First Quotation | € 506,335,500.00 |
| Free Float on First Quotation | 52.47 % |
| Change First Price compared to Issuing Price | 13.53 % |
| Further Information |
| Months | Shares |
|---|---|
| 6 | 29,702,500 |
| Name | Before IPO | After IPO |
|---|---|---|
| STAR Holdings S.à r.l | 88.12 % | 47.53 % |
| Free float (FF) | 4.78 % | 45.37 % |
| Dieter Holst (Lock-up) | 3.60 % | 3.60 % |
| Tobias Gerhard Seige (Lock-up) | 3.50 % | 3.50 % |
| T. Rowe Price (FF) | 0.00 % | 4.65 % |
| Invesco (FF) | 0.00 % | 4.71 % |
Market Status XETR ⓘ
XETR
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