Story
SMAG Mobile Antenna Masts Prices IPO at €46 Per Share
Summary
The German developer of mobile mast systems for military applications has set its final IPO offer price, resulting in a total placement volume of €129.6 million. The company's market capitalization is expected to be approximately €259.9 million upon listing.
SMAG Mobile Antenna Masts AG, a manufacturer of mobile mast systems for military and defense use, announced Tuesday it has set the final offer price for its initial public offering at €46 per share. The total placement volume, assuming the full exercise of an over-allotment option, will reach €129.6 million.
The offering comprises a total of 2,817,500 shares. This figure includes 650,000 newly issued shares from a capital increase, 1,800,000 existing shares from its parent company, SMAG Group GmbH, and an additional 367,500 existing shares as part of the over-allotment option. SMAG Group GmbH is a wholly-owned subsidiary of AEQUITA SE & Co. KGaA.
At the final offer price, SMAG Mobile Antenna Masts AG will have an estimated market capitalization of €259.9 million. The company's shares are scheduled to begin trading on the Scale segment of the Frankfurt Stock Exchange's Open Market on or around July 13, 2026.
AdThe shares will trade under the ticker symbol "1SMA". Book-entry delivery of the offered shares against payment is expected to occur on or around July 14, 2026. Cantor served as the sole global coordinator and sole bookrunner for the offering.