Mynaric wins well-known investors in Nasdaq IPO

The company has only been listed on the US technology exchange for a few days. The laser communications company is now receiving prominent support.
News by Sophie Deistler Sophie Deistler · Stuttgart, 16. November 2021

The company has only been listed on the US technology exchange for a few days. The laser communications company is now receiving prominent support.

According to information from Manager Magazin several prominent investors have joined Mynaric's Nasdaq IPO. Among others, Paypal co-founder Peter Thiel and Tinder founder Justin Mateen have invested in the Gilching-based company. Cathie Wood's Ark Invest and Christian Angermayer's family office Apeiron have also secured shares.

Last Friday, the sale was launched on Nasdaq at an issue price of 16.50 US dollars per share. The company aims to raise a total of around 75.9 million US dollars through the IPO, which will be used to further develop its products.

Mynaric was spun off from the German Aerospace Center in 2009 and specializes in laser communication. Lasers can be used to transmit data between satellites. The company has been listed on the Frankfurt Stock Exchange since 2017.



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