Sensirion announced on Tuesday that the IPO would consist mostly of existing shares held by the majority shareholder Gottlieb Knoch, as well as new shares worth around 55 million Swiss francs. The company’s founders Felix Mayer and Moritz Lechner will continue to remain fully invested in the company.
The IPO, which is expected to take place in the coming months, is intended to expand Sensirion’s shareholder base and ensure long-term business development. Net proceeds from the issuance of new shares will also give the company greater flexibility in its future corporate strategy and open up new growth opportunities.
The move will also increase awareness of the company and enable it to attract the best talent, according to CEO Marc von Waldkirch.
Headquartered in the Greater Zurich Area, Sensirion is a leading maker of environmental and flow sensors, manufacturing some 350,000 sensors daily. Last year the company had sales of 148 million francs, with an EBITDA of 26 million francs. It employs 735 people.
Sensirion was founded in 1998 as a spin-off of the Federal Institute of Technology (ETH) in Zurich. Co-founder Mayer describes the IPO as the “next logical step in the development of Sensirion”.
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