The Munich-based laser startup Mynaric has ambitious goals. To achieve them, the company needs the necessary cash, which it plans to raise on the stock market.
Apparently, there is strong investor demand for the laser company's shares. Mynaric AG aims to raise around €20 million with the IPO:
"The high demand for our shares shows that investors see significant growth potential in Mynaric. We have positioned ourselves excellently in an exciting future market with a promising laser technology. Our technology has the potential to revolutionize existing network infrastructure. The IPO opens up new opportunities for us in this regard,"
so Dr. Wolfram Peschko, Chairman of the Board of Mynaric AG.
Trading begins on October 30
The proceeds from the IPO will primarily be used to establish series production, which will require investments in measurement systems and assembly capacities. Furthermore, the funds will be used for the further development of laser terminals for space travel, as well as for the general enhancement of product performance and further internationalization. The shares are expected to begin trading in the Scale segment of the Frankfurt Stock Exchange on October 30, 2017.
