Cherry AG, a global leader in the manufacture of premium mechanical gaming switches and peripherals for gaming, office and industry as well as healthcare and security applications, made its debut on the Frankfurt stock market (Prime Standard).

At the final offer price of EUR 32 per share, the total volume of the IPO was significantly oversubscribed. The total number of shares and the final offer price corresponds to a market capitalization of approx. EUR 778 million. The total volume of primary and secondary shares placed in the IPO amounts to approx. EUR 416 million.

Prior to the IPO, the principal (indirect) shareholders of Cherry AG were private funds managed by Argand Partners, LP, the New York and San Francisco Bay Area, USA, based private equity firm.

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Source: Global Legal Chronicle

By Federica Tiefenthaler