Issue volume of €68.38 million including greenshoe
SHW AG (ISIN: DE000A1JBPV9) joined the Prime Standard of the regulated market on the Frankfurt Stock Exchange on 7 July. A total of 2,630,000 no-par value ordinary bearer shares were placed in the IPO. The issue price was €26 and the initial listing price €26 as well.
The lead managers are BNP Paribas and Commerzbank. Designated sponsor is Commerzbank. Steubing is acting as specialist.
“With SHW AG we welcome the tenth company to the Prime Standard this year,” said Alexander Höptner, Head of Markets Services at Deutsche Börse. “By listing in the Prime Standard, SHW joins around 350 companies that meet the highest transparency requirements, and visibly position themselves to national and international investors.”
“The IPO is the next logical step in our company development. Thanks to our diversified and attractive product portfolio, we have promising growth prospects in which our future investors will participate,” said Dr. Wolfgang Krause, CEO of SHW AG.
According to information from the company, SHW AG is one of Germany’s oldest industrial companies and one of the leading suppliers to the automobile industry of products that reduce the fuel consumption and CO2 emissions of motor vehicles. Employing just over 1,000 staff, the SHW Group generated revenues of approximately €290 million in financial year 2010.
New entrants to the Frankfurt Stock Exchange in 2011 per segment: Prime Standard 10, General Standard 7, Entry Standard 10, Open Market 115.
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