The firm advised Exasol AG and Hauck & Aufhäuser Privatbankiers AG on all legal issues related to the IPO, including preparing the offering prospectus and accompanied capital increase. Hauck & Aufhäuser acted as Sole Global Coordinator and Sole Bookrunner for the IPO.
Exasol AG is a global technology company and provider of a next generation software-based "data engine" whose current clients include Adidas, Dell, Vodafone and Zalando. All 9,205,250 shares offered were placed at an issue price of EUR 9.50 per share. The placement volume including the greenshoe and top-up option thus amounts to approximately EUR 87.45 million. The offering comprised 5,100,000 newly issued shares from a cash capital increase and 4,105,250 shares from the holdings of existing shareholders.
Exasol AG plans to use the proceeds from the IPO to further advance its growth strategy, particularly across the DACH region (Germany, Austria, Switzerland), Great Britain and in the USA.
Thomas Mayrhofer, Partner and Head of the Capital Markets team at Pinsent Masons said: "We are very pleased to have successfully supported the first IPO of the year, particularly under the difficult conditions of the coronavirus crisis. We hope that this IPO will motivate more companies to make better use of financing via the capital market."
The firm's sector focus approach meant it could seamlessly advise Exasol AG on all corporate and capital markets law issues in connection with the IPO. The Pinsent Masons team was led by Thomas Mayrhofer, and included Gudrun Moll, Dusan Stojkovic and Johanna Storz.