Klingelnberg AG is planing initial public offering for coming months depending upon market conditions, will consist of shares from the Klingelnberg family that now is sole owner as well as newly issued shares. Klingelnberg plans to raise around €20 million by selling new shares on the SIX Swiss Exchange, with the cash going to help boost growth, it said on May 30, 2018. “Now is the right time to offer shares to the public,” said Chief Executive Officer Jan Klingelnberg, who will remain in the post after the transaction.

He said the initial public offering would allow Klingelnberg “to pursue additional growth and acquisition opportunities, and to raise our profile amongst customers, talent and other stakeholders around the world”. Credit Suisse Group AG (SWX:CSGN) and Joh. Berenberg, Gossler & Co.

KG are joint global coordinators and joint book-runners for the initial public offering. Vontobel Holding AG (SEX:VONN) is also the joint book-runner.