Asta Energy shares rise by nearly 50% in Frankfurt debut

Asta Energy Solutions AG

30/01/2026 10:07

FRANKFURT, Jan 30 (Reuters) - Shares in Austrian copper product maker Asta Energy Solutions 1ASTG.DE rose by as much as 47.5% on their first day of trading in the first Frankfurt Stock Exchange listing this year.

The stock opened at 43 euros ($51.17) on Friday after the final IPO offer price was set at 29.50 euros.

At 0926 GMT, shares were up 35% against the IPO price, trading at 39.80 euros.

IPO issue volume was 190 million euros

German energy technology group Siemens Energy ENR1n.DE is an anchor investor and had committed to subscribing to shares worth around 25 million euros

Asta had received commitments for just under a third of the shares in advance

After allocation, free float will be about 39%

Austrian entrepreneur Michael Tojner remains majority shareholder, with just under 55%

Tojner is also a major shareholder in German battery manufacturer Varta

Asta's IPO proceeds, about 125 million euros via a capital increase, will primarily be used to expand production

Asta makes copper applications at six locations worldwide, which are used in high-voltage transformers, generators and increasingly in data centres

($1 = 0.8404 euros)

 (Reporting by Sabine Wollrab, writing by Thomas Seythal
Editing by Tomasz Janowski)

 ((berlin.newsroom@thomsonreuters.com))