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OHB Shares Dip After German Satellite Firm’s €789 Million Re-IPO

OHB Shares Dip After German Satellite Firm’s €789 Million Re-IPO
Key Points

OHB Shares Dip After German Satellite Firm’s €789 Million Re-IPO Executives from German satellite firm OHB SE and KKR & Co. rang the opening bell at the Frankfurt Stock Exchange on Friday after they raised €789 million in a share sale to increase investors’ access to the space company. OHB’s shares fell much as 5% from Thursday’s closing price to trade as low as €296 apiece on Friday morning, below the offer price of €300 per share.

OHB Shares Dip After German Satellite Firm’s €789 Million Re-IPO Executives from German satellite firm OHB SE and KKR & Co. rang the opening bell at the Frankfurt Stock Exchange on Friday after they raised €789 million in a share sale to increase investors’ access to the space company. OHB’s shares fell much as 5% from Thursday’s closing price to trade as low as €296 apiece on Friday morning, below the offer price of €300 per share.
German Satellite Firm’s (ORG) German (ORG) SE (ORG) KKR & Co. (ORG) the Frankfurt Stock Exchange (ORG) OHB (ORG)
Originally published by Bloomberg Technology Read original →