The Berlin online optician Mister Spex went public on the Frankfurt Stock Exchange on Friday.

At the debut, investors could look forward to moderate subscription profits.

The company's first price on the floor was 25.38 euros.

It was thus slightly above the issue price of EUR 25 per share.

Most recently, the papers cost a little more at 25.60 euros.

The online optician's offer comprised around 15 million shares, including around 9.8 million new shares from a capital increase.

There were also around 3.3 million shares held by existing shareholders and around 2 million papers to cover over-allotments.

This resulted in an offer volume of 375 million euros.

The company, which trades in glasses and contact lenses, wants to use the money to continue growing and expand internationally.

According to its own information, Mister Spex operates online shops in ten countries and more than 40 shops in Germany, Austria and Sweden, which are expanded by around 400 partner opticians.

In 2020, Mister Spex increased its sales by almost a fifth to 164 million euros.