BigRep to Go Public on July 31, 2024, with SMG Holding as IPO Sponsor

BigRep, a major provider of large-format industrial 3D printers, will debut on the Frankfurt Stock Exchange on July 31, 2024. SMG Holding, an IPO sponsor known for its focus on European SMEs, supports this listing through a merger with SMG Technology Acceleration SE.

SMG Technology Acceleration SE’s Annual General Meeting approved the merger with a 99% vote. Post-merger, the company will be renamed BigRep SE, led by Dr. Sven Thate as CEO and Dr. Reinhard Festag as CFO.

BigRep SE's listing will feature around 14.5 million shares, equating to a market capitalization of roughly EUR 145 million. The funds raised will support growth and strategic acquisitions, including the purchase of HAGE3D GmbH.

SMG Holding CEO, Dr. Stefan Petrikovics, noted that the listing will bolster BigRep’s market presence and innovative capabilities. BigRep SE shares will trade under the ticker symbol B1GR.