OHB SE, Germany’s flagship satellite and space technology company, watched its shares slide roughly 5% below the €300 placement price after completing what the company framed as a “re-IPO,” a capital raise that ultimately pulled in €900 million through an upsized private placement.
The stock had more than tripled throughout 2026. A 5% haircut on the heels of a massive equity offering is, in that context, closer to a rounding error than a crisis.
Inside the deal
The placement was originally sized smaller but grew to €900 million total, with €482 million in gross proceeds coming from newly issued shares priced at €300 each. The rest came from existing shareholders selling down their positions.
KKR, the private equity giant that had been a major backer of OHB, is gradually trimming its stake. After the greenshoe option is exercised, KKR’s ownership is expected to settle at approximately 20%. The Fuchs family, which has steered OHB for decades, continues to hold majority control with over 60% of the company.
