(Vienna) Steyr Motors AG is listed on the Vienna Stock Exchange as of today. CEO Julian Cassutti opened the start of trading in the exchange-regulated direct market plus segment with the traditional stock exchange bell. From now on, the shares can also be traded continuously on the Vienna Stock Exchange. Hauck Aufhäuser Lampe Privatbank AG acts as capital market coach and market maker. The opening price was EUR 14.90, bringing the market capitalization to EUR 77.48 million at the start of trading. According to its own information, the Upper Austrian company develops and produces high-performance engines that are mainly used in special military vehicles, boats and as auxiliary power units for battle tanks and locomotives.
"As a company based in Steyr and with the B&C Group as an Austrian anchor investor, the listing on the Vienna Stock Exchange is a logical step and increases our visibility among national and international investors. Direct access to the Austrian capital market will help us to ensure the sustainable further development of Steyr Motors," says Julian Cassutti, CEO of Steyr Motors AG.
The direct market and direct market plus segments are designed for growth companies and small and medium-sized enterprises (SMEs). They provide the basis for further development on the capital market and possible equity financing. A large number of partners in the direct network – consisting of Capital Market Coaches and Direct Funding Partners – are on hand to provide advice. Currently, 31 securities are admitted for trading in the segments of the exchange-regulated Vienna MTF market.
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