Lambda Physik AG Begins Trading on the German Market
FRANKFURT, Germany, Sept. 22 -- Lambda Physik AG, a Coherent Inc. subsidiary, began trading under the stock symbol LPX on the Neuer Markt of the Frankfurt Stock Exchange. UBS Warburg led the underwriting, with Commerzbank AG and Bank Vontobel AG acting as co-leads.
The 35 Euros per share initial issue price was at the high end of the book building range. Lambda Physik AG ended its first day of trading on the German market at 61 Euros per share, bringing its market value to a total of about 808 million Euros. The company sold a total of 3.25 million new shares in the offering as well as...Read full article
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Published: September 2000