German spectacles retailer rises on Frankfurt stock exchange debut

imageStock Markets55 minutes ago (Jul 02, 2021 03:55AM ET)

(C) Reuters.

BERLIN (Reuters) – Shares in German online spectacles retailer Mister Spex opened 1.5% above its offer price in a stock market debut on Friday.

The company opened at 25.38 euros ($30.01) per share, compared to its offer price of 25 euros per share, valuing the Berlin-based company at around 829 million euros.

Mister Spex is owned by co-founders Dirk Graber and Mirko Casper, along with investors including Goldman Sachs (NYSE:GS), DN Capital, Scottish Equity Partners and XAnge.

The company aims to use the proceeds to ramp up its growth strategy, expand internationally and repay a bridge loan facility.

($1 = 0.8456 euros)

German spectacles retailer rises on Frankfurt stock exchange debut

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