Jost to go public

According to consistent media reports, German equipment powerhouse, Jost Group, is once again planning to go public.

Newswire Reuters reported last week that the fifth wheel specialist was hoping to list on the Frankfurt stock exchange in the second half of 2017, with other sources claiming the placement may already happen this month.

The offer will comprise new shares from a capital increase worth around €130 million as well as stock held by existing shareholders, according to Reuters.

Investor Cinven, which acquired the Jost Group nine years ago, will reportedly part with some of the 64 per cent of shares it is currently holding in the business. 

Multiple sources, including Germany’s Die Presse, said Jost would likely only approach institutional partners and not open up the offer to private investors.

A first attempt to take the Jost Group public in 2015 did not eventuate due to the then-volatile market environment.

Leave a Reply

JOIN OUR NEWSLETTER
Close