The shares of the Bavarian camper van manufacturer Knaus Tabbert dropped during their debut at the Frankfurt stock exchange. The papers closed on Wednesday with EUR 54.50. The issue price had been set at EUR 58 at the lower end of the price range. CEO Wolfgang Speck nevertheless assessed the move positively. Knaus Tabbert raised EUR 232m with the majority going to the Dutch PE firm HTP. The PE firm had bought the company eleven years ago out of insolvency and is using the camping boom in the Corona crisis for a partial exit. At an issue price of EUR 58, the company's market value was EUR 602m.
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