The IPO is to rinse the vaccine developer Curevac 209 million euros in the cashier

It is planned, first of 13.3 million shares of common stock to offer and sell, the company said on Monday. In addition, signatories should be a 30-day Option to

The IPO is to rinse the vaccine developer Curevac 209 million euros in the cashier

It is planned, first of 13.3 million shares of common stock to offer and sell, the company said on Monday. In addition, signatories should be a 30-day Option to purchase up to two million additional ordinary shares granted. The price per share is expected to be between 14 and 16 dollars. The shares are to be listed under the Ticker symbol "CVAC" at the New York technology stock exchange Nasdaq.

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The money should be invested in the further development of a Corona vaccine, and the expansion of production capacity, it said. Information on the exact timetable for the IPO were not made.

The Federal government is at Curevac is already on Board

In a recently completed round of financing Curevac had collected about 560 million euros from investors. This also includes the Federal government, announced in June the start of the national promotional Bank KfW for a 300 million Euro in the case of Curevac counted. The aim was therefore to prevent in the race for a Corona vaccine is a possible Takeover from abroad.

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According to information from the Federal government, the Initiative came from the company: "The Curevac AG has successfully applied for an Investment by the Federal government," said the Ministry of economy to a FDP request. Currently, no other Federal interests in other vaccine producers are planned. Long-term and also the first provider of capital for Curevac Dietmar Hopp, co-founder of the Dax-listed software group SAP is.

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Updated Date: 11 August 2020, 01:26

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