EQS-Adhoc: Sensirion AG: Sensirion Holding AG prices its IPO at CHF 36 per share and lists on SIX Swiss
EQS Group-Ad-hoc: Sensirion AG / Key word(s): IPO/IPO
Sensirion AG: Sensirion Holding AG prices its IPO at CHF 36 per share and lists
on SIX Swiss
22-March-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
--------------------------------------------------------------------------------
Press Release
22 March 2018
Sensirion Holding AG prices its IPO at CHF 36 per share and lists on SIX Swiss
Exchange
-Sensirion Holding AG, a leading global manufacturer of environmental and flow
sensors domiciled in Staefa, Switzerland, has priced the Initial Public Offering
(IPO) of its shares on SIX Swiss Exchange. Sensirion shares (ticker symbol:
SENS) will be traded on SIX Swiss Exchange from today.
- In the IPO, the offered shares were several times oversubscribed due to strong
demand from Swiss and international institutional shareholders as well as
domestic private investors.
- The shares of Sensirion were priced at CHF 36 per share, at the top end of the
price range, corresponding to a placement volume of CHF 276 million and a total
market capitalization for Sensirion of CHF 504 million (before exercise of the
over-allotment option).
- Sensirion will raise gross proceeds from the IPO of CHF 55 million (before
exercise of the over-allotment option).
- Sensirion has established a stable pool of anchor shareholders, including the
Founders and Co-Chairmen of Sensirion, Moritz Lechner and Felix Mayer, with the
objective of creating long-term value for its shareholders by maintaining the
company's entrepreneurial long-term strategy.
Commenting on today's announcement Felix Mayer, Founder and Co-Chairman of the
Board of Directors of Sensirion Holding AG, said: "It is great to open this next
chapter of Sensirion as a public company. Since its inception 20 years ago,
Sensirion has shown its ability to adapt to new market trends and delivering
growth through several macroeconomic cycles and technology transformations. With
the established pool of anchor shareholders, we will ensure the sustainable
development of Sensirion. Moritz Lechner and I will remain fully committed to
Sensirion and look forward to capturing the growth opportunities in
environmental and flow sensors with our dedicated team."
Marc von Waldkirch, CEO of Sensirion, added: "We are delighted by the successful
placement of our shares and the strong investor interest in Sensirion. Swiss and
international institutional as well as domestic private investors are convinced
of our robust business model benefitting from secular trends and the attractive
prospects in the sensor industry. The increased public visibility of Sensirion
combined with our entrepreneurial company culture can help us to attract the
best talents available by benefitting in the long-term of a highly committed and
qualified workforce. We welcome our new shareholders and look forward to
building on the broader shareholder base for the further development of
Sensirion."
The bank syndicate placed 6,150,000 existing shares being offered by the
majority shareholder, Gottlieb Knoch, and 1,530,000 newly issued shares offered
by Sensirion in the base offering. The net proceeds from the primary offering
will provide Sensirion with enhanced flexibility for its future financing and
corporate strategy and will enable Sensirion to exploit additional growth
opportunities.Sensirion has also granted the Joint Global Coordinators an
over-allotment option of up to 1,152,000 newly issued registered shares,
representing up to 15% of the total number of shares in the base offering,
exercisable within 30 calendar days after the first day of trading on SIX Swiss
Exchange. If the over-allotment option is exercised in full, the placement
volume of the IPO will be CHF 318 million and the total market capitalization
for Sensirion will be CHF 545 million.
The shareholder structure will consist of a stable pool of anchor shareholders,
including the Founders, who will collectively hold 33.6% of the share capital
(31.1% if the over-allotment option is exercised in full). Management
shareholders and the company have committed to a lock-up period of 12 months
after the first trading day. The selling shareholder has committed to a lock-up
period of six months after the first trading day.
Credit Suisse and J.P. Morgan are acting as Joint Global Coordinators and Joint
Bookrunners, along with Vontobel as Co-Bookrunner. Lazard is acting as financial
adviser and Homburger AG as legal adviser to Sensirion.
Key data
Listing SIX
Swiss Exchange (International Reporting Standard)
Ticker symbol SENS
Swiss security number 40 670
512
ISIN CH 040
670512 6
Offer price CHF 36
per share
Offering Base
offering of 7,680,000 shares
Over-allotment option of up to 1,152,000 shares
Indicative schedule
Listing and first day of trading
Thursday, 22 March 2018
Book-entry delivery of offered shares against payment of the offer price Monday,
26 March 2018
Last day for exercising the over-allotment option Friday,
20 April 2018
Publication of half-year report 2018
Wednesday, 22 August 2018
Contact information
Investor Relations
Andrea Wüest, Director Investor Relations
Phone: +41 44 927 11 40
E-mail:andrea.wueest@sensirion.com
Media
Andreas Meile, Head Marketing & Communications
Phone: +41 44 306 49 06
E-mail:andreas.meile@sensirion.com
About Sensirion Holding AG
Sensirion Holding AG, headquartered in Staefa, Switzerland, is a leading
manufacturer of digital microsensors and systems. The product range includes gas
and liquid flow sensors, differential pressure sensors and environmental sensors
for the measurement of humidity and temperature, volatile organic compounds
(VOC), carbon dioxide (CO2) and particulate matter (PM2.5). An international
network with sales offices in the US, Europe, China, Taiwan, Japan and South
Korea supplies international customers with standard and custom sensor system
solutions for a vast range of applications. Sensirion sensors can commonly be
found in the medical, industrial, automotive and consumer end markets. Sensirion
is a global player with approximately 735 employees. Revenues in the financial
year 2017 amounted to CHF 148 million. For further information
visit:www.sensirion.com.
Disclaimer
This document and the information contained herein are not for distribution in
or into (directly or indirectly) the United States, Canada, Australia or Japan
or any other jurisdiction in which the distribution or release would be
unlawful. This document does not constitute an offer of securities for sale in
or into the United States, Canada, Australia or Japan.
This document does not constitute an offer to sell, or a solicitation of an
offer to purchase, any securities in the United States. The securities of
Sensirion Holding AG to which these materials relatehave not been and will not
be registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold in the United States absent
registration or an applicable exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act. There will not be a
public offering of securities in the United States. Any sale in the United
States of the securities mentioned in this communication will be made solely to
"qualified institutional buyers" as defined in, and in reliance on, Rule 144A
under the Securities Act.
This document is not an offer to sell or a solicitation of offers to purchase or
subscribe for securities. This document is not a prospectus within the meaning
of Article 652a of the Swiss Code of Obligations or a listing prospectus as
defined in the listing rules of SIX Swiss Exchange AG. Copies of this document
may not be sent to jurisdictions, or distributed in or sent from jurisdictions,
in which this is barred or prohibited by law. The information contained herein
shall not constitute an offer to sell or the solicitation of an offer to buy, in
any jurisdiction in which such offer or solicitation would be unlawful prior to
registration, exemption or qualification under the securities laws of such
jurisdiction. A decision to invest in securities of Sensirion Holding AG should
be based exclusively on the issue and listing prospectus published by Sensirion
Holding AG for such purpose. Copies of such issue and listing prospectus (and
any supplements thereto) can be obtained free of charge from Sensirion Holding
AG, Investor Relations, Laubisruetistrasse 50, 8712 Staefa, Switzerland (email:
andrea.wueest@sensirion.com), and at Credit Suisse AG, Zurich, Switzerland
(email: equity.prospectus@credit-suisse.com).
This document does not constitute an "offer of securities to the public" within
the meaning of Directive 2003/71/EC of the European Union, as amended (the
"Prospectus Directive") of the securities referred to herein in any member state
of the European Economic Area (the "EEA"). Any offers of the securities referred
to in this document to persons in the EEA will be made pursuant to an exemption
under the Prospectus Directive, as implemented in member states of the EEA, from
the requirement to produce a prospectus for offers of the Securities. In any EEA
Member State that has implemented the Prospectus Directive, this document is
only addressed to and is only directed at qualified investors in that Member
State within the meaning of the Prospectus Directive, i.e., only to investors
who can receive the offer without an approved prospectus in such EEA Member
State.
In the United Kingdom, this document is only being distributed to and is only
directed at persons who (i) are investment professionals falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)
(a) to (d) of the Order (high net worth companies, unincorporated associations,
etc.) (all such persons together being referred to as "Relevant Persons"). This
document is directed only at Relevant Persons and must not be acted on or relied
on by persons who are not Relevant Persons. Any investment or investment
activity to which this document relates is available only to Relevant Persons
and will be engaged in only with Relevant Persons.
The Joint Global Coordinators and Joint Bookrunners as well as the Co-Bookrunner
and their affiliates are acting exclusively for Sensirion Holding AG and the
selling shareholder and no one else in connection with the contemplated IPO.
They will not regard any other person as their respective client in relation to
the contemplated IPO and will not be responsible to anyone other than Sensirion
Holding AG and the selling shareholder for providing the protections afforded to
their respective clients, nor for providing advice in relation to the
contemplated IPO, the contents of this communication or any transaction,
arrangement or other matter referred to herein.
Lazard GmbH is acting exclusively as financial adviser to the Sensirion Holding
AG and no one else in connection with the IPO and will not be responsible to
anyone other than Sensirion Holding AG for providing the protections afforded to
clients of Lazard GmbH or for providing advice in relation to the IPO or any
other matters referred to in this announcement. Neither Lazard GmbH nor any of
its affiliates owes or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not a client of Lazard GmbH in connection with
this announcement, any statement contained herein or otherwise.
This communication may contain statements about the future that use words such
as, for example, "believe", "assume", "expect" and other similar expressions.
Such statements about the future are subject to risks, uncertainties, and other
factors, which can cause the true results of the company to differ significantly
from that which is expressly or implicitly assumed in these statements. In view
of these uncertainties, the reader should not depend on this type of statement
about the future. The company gives no undertaking whatever to update such
statements regarding the future, or to adapt them to future events or
developments.
Additional features:
Document:http://n.eqs.com/c/fncls.ssp?u=YABDQREECK
Document title: Sensirion Holding AG prices its IPO at CHF 36 per share and
lists on SIX Swiss Exchange
--------------------------------------------------------------------------------
End of ad hoc announcement------------------------------------------------------
667171 22-March-2018 CET/CEST
EQS Group-Ad-hoc: Sensirion AG / Key word(s): IPO/IPO Sensirion AG: Sensirion Holding AG launches IPO on SIX Swiss Exchange and sets price range of CHF 28 to CHF 36 12-March-2018 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of this ...