Initial public offering Aebi Schmidt launches on the Nasdaq
The shares of Aebi Schmidt have celebrated their stock market debut on Wall Street. The company's listing on the US stock exchange was made possible by the merger with the American The Shyft Group, which was already listed. The first trade is already off to a good start.
02.07.2025, 16:17
02.07.2025, 17:46
SDA
The new company is now officially traded on the Nasdaq under the ticker symbol AEBI. The very last price paid for the shares of merger partner Shyft was USD 12.54 last Monday. As Aebi-Schmidt shareholders hold a majority stake of 52 percent in the company, this resulted in a new starting point of 12.06 dollars for AEBI.
After volatile trading in early trading, the share price settled at around 17.50 dollars a good two hours after the start of trading. This would make Aebi Schmidt worth around 1.3 billion dollars - three times as much as before, said CEO Barend Fruithof in an interview with the news agency AWP. "The shareholders believe in our business model," he said.
From Frauenfeld to New York
It is a significant step for the Frauenfeld-based company. The share swap will create a new, globally active manufacturer of agricultural machinery. The new company will have an annual turnover of around 2 billion US dollars.
For Aebi Schmidt, the IPO primarily means access to new capital, greater international visibility and a solid basis for expansion in the US market. The merger with Shyft is also intended to strengthen Aebi Schmidt's location in Switzerland and secure jobs here.
The merged company will be managed by the previous Aebi CEO Fruithof. The trained farmer can look back on many years of experience as a banker and has headed Aebi Schmidt for seven years.
Major shareholder Peter Spuhler
The ownership structure remains predominantly in Swiss hands - in particular through entrepreneur Peter Spuhler, who controls 35 percent of the shares. Spuhler is known as the main shareholder (42%) of the train manufacturer Stadler, which he built up.
Spuhler also holds stakes in companies such as Rieter and Autoneum, where he is struggling with losses in some cases. The same probably applies to his former stake in the crisis-ridden steelmaker Swiss Steel, which he has since sold to Amag heir Martin Haefner.
