DGAP-News: Successful stock market debut of Cherry AG on the Frankfurt Stock Exchange
DGAP-News: Cherry AG
/ Key word(s): IPO
Successful stock market debut of Cherry AG on the Frankfurt Stock Exchange
29.06.2021 / 13:12
The issuer is solely responsible for the content of this announcement.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE. Successful stock market debut of Cherry AG on the Frankfurt Stock Exchange
Munich, 29 June 2021.
- Stock market debut marks new chapter in Cherry's company history
- Total placement volume (including full upsize option and subject to full exercise of greenshoe option) of EUR 416 million, thereof EUR 138 million for the Company
- Cherry will use its net proceeds to expand organic and inorganic growth and repay certain outstanding debt
Cherry AG (the "Company" and together with its consolidated subsidiaries "Cherry"), a global innovation and quality leader in the manufacture of premium mechanical gaming switches and peripherals for gaming, office and industry as well as healthcare and security applications, made its successful debut on the Frankfurt stock market today.
Rolf Unterberger, CEO at Cherry: "We are proud to have reached this significant milestone in our nearly 70 years of company history. This stock market debut marks the start of an exciting new chapter in the Cherry story."
The shares carry the international securities identification number (ISIN) DE000A3CRRN9 and the German securities identification number (WKN) A3CRRN.
Due to the significant oversubscription of the offer, not all purchase offers could be considered in full during the allotment process. Retail orders represented 0.1% of the total offer volume and were allotted in full.
Hauck & Aufhäuser is acting as Sole Global Coordinator and Joint Bookrunner, and ABN AMRO (in cooperation with ODDO BHF SCA) and M.M.Warburg & CO are acting as Joint Bookrunners for the IPO. About Cherry
Cherry is a globally active manufacturer of high-end switches for mechanical keyboards and of computer input devices. Its business focusses on mechanical keyboard switches for gaming keyboards and on computer input devices used in a variety of settings, mainly for gaming, office, industry, cybersecurity protection as well as telematics solutions for healthcare practices. Since its foundation in 1953, Cherry stands with its two business areas, Gaming and Professional, for innovative and premium quality products developed specifically for the needs of its customers.
Cherry has its operative headquarters in Auerbach in der Oberpfalz, Germany, and currently employs over 500 employees in production facilities in Auerbach, Zhuhai (China) and Vienna (Austria), in addition to several sales offices in Auerbach, Paris, London, Kenosha (USA), Taipei and Hong Kong.
More information: www.cherry-world.com Contact Cherry AG
Unter den Eichen 7
Phone: +49 611 205855 - 26
E-mail: [email protected] DISCLAIMER This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.
This announcement is not an offer of securities for sale in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the "United States"). Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold or otherwise transferred, directly or indirectly, in or into the United States absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act, in each case in compliance with any applicable securities laws of any state or other jurisdiction of the United States. Any public offering of securities to be made in the United States would be made by means of a prospectus that could be obtained from Cherry AG and that would contain detailed information about the company and management, as well as financial statements. There will be no public offer of the securities in the United States.
Subject to certain exceptions under applicable law, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
In member states of the European Economic Area other than Germany, this announcement is only addressed to and directed at persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129), as amended. This announcement is directed only at persons in the United Kingdom ("U.K.") in circumstances where section 21(1) of the Financial Services and Markets Act 2000 does not apply. This announcement and the information contained therein does not constitute an offer document or an offer of securities to the public in the U.K. to which section 85 of the Financial Services and Markets Act 2000 of the U.K. applies and is not, and should not be considered as, a recommendation that any person should subscribe for or purchase any securities. In the U.K., this announcement and the information contained therein is being communicated only to persons who are qualified investors within the meaning of Article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129), as amended, as it forms part of U.K. domestic law by virtue of the European Union (Withdrawal) Act 2018 and who are also (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) persons within the scope of article 43 of the Order or (iii) high net worth companies, unincorporated associations and other bodies who fall within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this announcement and the information contained therein relates is available only to and will be engaged in only with Relevant Persons, and any person who is not a Relevant Person must not act or rely on this announcement or any of its contents. This announcement and the information contained therein should not be published, reproduced, distributed or otherwise made available, in whole or in part, to any other person without the prior consent of Cherry AG.
This announcement and the information contained herein are for information purposes only. It is not a prospectus or an offer to sell or a solicitation of an offer to buy securities. The offer (which ended on 23 June 2021) and the listing of the shares of Cherry AG on the regulated market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) were made solely based on a securities prospectus. The prospectus has been approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - "BaFin") in accordance with the Prospectus Regulation regime. However, the approval of the prospectus by BaFin should not be understood as an endorsement of the shares of Cherry AG. Investors should purchase shares solely on the basis of the prospectus relating to the shares and should read the prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the shares. The prospectus has been published and is available on Cherry AG's website (https://www.cherry.de/ueber-cherry/neuer-bereich/details-zum-ipo/ipo-info-detailseite/prospekt.html). In addition, copies of the prospectus are available free of charge from Cherry AG, Einsteinstraße 174, 81677 Munich, Germany.
29.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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