Press release -
ParTec AG wins the IPO Award of the German Stock Exchange for the best smallcap IPO
Munich, November 24, 2023 - ParTec AG, German developer and manufacturer of modular supercomputers and quantum computers, is one of the most successful newcomers on the Frankfurt trading floor with its IPO completed in July 2023 and yesterday received the IPO Award of Deutsche Börse Group and Weimar Media Group in the category "Smallcap IPO" at the Städel Museum. In front of around 100 invited guests, including high-ranking representatives from politics, business and society, the award winners in four categories were chosen at a festive evening event in Frankfurt. The laudatory speech for ParTec AG was given by Dr. Fabian Mehring, Minister of State for Digital Affairs in Bavaria, Germany.
"The IPO of ParTec AG was an extraordinary milestone in 2023, alongside the award of the contract for the construction of the first exascale computer JUPITER in Europe to a consortium of ParTec and Eviden. I am proud and grateful that our commitment has been so comprehensively recognized by the jury of renowned financial experts through this award," said Hugo Falter, Co-CEO and Chief Operating Officer of ParTec AG, who accepted the award.
ParTec AG celebrated its stock market debut on July 3, 2023 with a direct listing in Frankfurt. The market capitalization was around 900 million euros at the IPO.
The IPO Award was presented in 2023 for the first time.
ParTec AG specialises in the development and manufacture of modular supercomputers and quantum computers as well as accompanying system software. Its services include the distribution of future-oriented High-Performance Computers (HPC) and Quantum Computers (QC) as well as consulting and support services in all areas of development, construction and operation of these advanced systems. The approach of modular supercomputing represents a unique selling point and success feature of ParTec AG, which has proven particularly successful for the complex requirements of massive computing power in AI. Further information on the company as well as on ParTec AG's innovative solutions in the field of high-performance computing and quantum computing can be found at www.par-tec.com.