German large-format 3D printer manufacturer BigRep has made its debut on the Frankfurt Stock Exchange.
Last year, the firm signed a non-binding letter of intent (LoI) with the special purpose acquisition company (SPAC) SMG Technology Acceleration SE. This business combination has now succeeded in its goal of transitioning BigRep into a publicly traded entity.
The SPAC has been renamed and is being listed as BigRep SE, with Dr. Sven Thate and Dr. Reinhard Festag acting as CEO and CFO, respectively. SMG Holding, an investor focusing on European SMEs, facilitated the move as an initial public offering (IPO) sponsor and holds a stake of around 6% in the combined entity.
As a listed company, BigRep will work to continue its acquisition-based buy-and-build expansion strategy. “Going public allows us to think bigger and pursue our buy-and-build strategy,” explained Thate. “We see great growth and synergy opportunities by…
