ETH Zurich spinout Sensirion hopes to capture $58m by going public later this month in an offering that will position co-founders Felix Mayer and Moritz Lechner as anchor shareholders.
Sensirion, a Switzerland-based sensor maker spun out of Swiss Federal Institute of Technology Zurich (ETH Zurich), is gearing up for an initial public offering (IPO) expected to generate gross proceeds of CHF55m ($58m)
The IPO on the Six Swiss Exchange will be completed around March 22. The spinout will issue approximately 9.3 million shares, though Sensirion could activate an over-allotment of up to 1.2 million shares if there is sufficient demand.
Sensirion’s target price ranges from $29.50 to…
