Mister Spex has completed its Initial Public Offering at the Frankfurt stock exchange by offering a total of a maximum 15 million shares at the price of €25 each on July 2. The offer included 9,782,609 new shares from a capital increase and 3,260,869 shares from existing shareholders. In addition, 1,956,521 existing shares were allocated in connection with an over-allotment. At the end of the first trading day, Mister Spex’ share was priced at €24.32, or 2.7 percent lower than the introduction price, resulting in a company valuation of €826 million.