Gabler Group Debuts in Frankfurt, Shares Jump 13.6% on €115.5 M Offering
Gabler Group sold shares at €44 each in its Frankfurt IPO, raising €115.5 million and securing an extra €17.3 million over-allotment option. Shares opened at €50, climbed as much as 13.6%, and were trading about 9% above issue price at midday, signaling strong investor appetite in Europe’s defense sector.
1. IPO Launch and Size
Gabler Group priced its Frankfurt IPO at €44 per share, raising €115.5 million from existing shareholders and offering an extra €17.3 million through an over-allotment option, placing the deal in the upper half of its marketed range.
2. Trading Performance
On debut, shares opened at €50, surged as much as 13.6% above issue price, and were trading about 9% above the €44 IPO price by midday, even as broader European equities declined.
3. Business Operations
Based in Lübeck, Gabler derives roughly 75% of its pro-forma revenue from defense, supplying submarine masts, underwater monitoring systems and subsea energy technologies, and holds contracts with German, Italian and Portuguese navies.
4. Defense IPO Trend
Gabler joins a growing list of European defense companies listing publicly, following recent floatations by CSG in Amsterdam and naval shipbuilder TKMS in Frankfurt, underscoring robust sector investor interest.