"Taking the Lead" Brainlab's Second Attempt at an IPO for Mega-Growth
Munich-based company Brainlab aims to launch an initial public offering
Brainlab, the Munich-based pioneer in medical tech software and hardware for operations and cancer treatments, is giving another shot at a public listing this summer. In a bold move, the company seeks to raise up to 200 million euros on the Frankfurt Stock Exchange, aiming to strengthen its presence, expand into new markets, and enhance its tech offerings.
Stefan Vilsmeier, Brainlab's founder, remains the major shareholder while external investors like EMH Partners hold a stake. The IPO is being orchestrated by big-name firms such as Berenberg, Deutsche Bank, Commerzbank, Jefferies, and UniCredit, ensuring a smooth process with advisory support from Evercore.
Boasting 2,000 employees and serving around 4,000 clinics, Brainlab has an impressive track record. The company's first-half revenue stands at 239 million euros, with an operating profit margin of 22.4%. Heralding the opportune timing for an IPO, Vilsmeier points to advances in technology, particularly AI, AR, and cloud computing. Moreover, up to 30% of healthcare employees will be retiring over the next decade, creating a sizable market potential.
Investor enthusiasm is ramped up by Brainlab's technological edge, primarily in surgical software and critical medical procedures, potentially boosting its market share and valuation. The funds raised from this IPO will primarily be channeled into organic growth, with a focus on advancing software applications and enhancing the company's financial stability.
Brainlab joins fellow German enterprise Autodoc, a Berlin-based auto parts retailer, in pursuing a Frankfurt Stock Exchange listing before the summer break. Companies in the Prime Standard segment, where Brainlab plans to list, are subject to stricter regulations but may find a spot in indices such as the SDax small-cap index.
- IPOs
- Deutsche Börse
- Stock Prices
- Growth
[1] ntv.de[2] raf/rts[3] Börsen-Zeitung[4] Company reports to ntv.de and raf/rts[5] Information provided by Brainlab, IPO organizers, and advisors
Brainlab, in preparation for its IPO, plans to utilize the funds raised to enhance its employment policy by investing in vocational training, thus strengthening its workforce for mega-growth. The company's community policy will also be reinforced with the use of these funds, as Brainlab aims to expand into new markets, fostering growth and integration within these communities. This move will be further supported by the finance provided by the IPO, ensuring a smooth process facilitated by the involvement of finance firms such as Berenberg, Deutsche Bank, Commerzbank, Jefferies, and UniCredit.
