Isovoltaic: IPO Fixed

Businessn.a. ♦ Published: April 4, 2011; 06:21 ♦ (Vindobona)

The Austrian component supplier in the solar power industry will be listed at the Vienna Stock Exchange. The subsription period starts by Monday.

Isovoltaic: IPO Fixed / Picture: ©

The IPO of Isovoltaic will be effected much sooner than expected. The major owner, Stanislaus Turnauer, decided to sell a 45%-stake on Isovoltaic. The subcription period starts on Monday, 4th April. Erste Group acts as Joint Lead Manager. What is more, a listing at the Vienna Stock Exchange is planned.

Despite the strong growth in Isovoltaic´s business, the issue of new shares…