IPOs in Germany in 2013

Of the 12 IPOs we had in 2012 and so far in 2013, 9 compa­nies opted for the Prime Stan­dard, the most highly regu­la­ted segment on Deut­sche Börse. In the current capi­tal market envi­ron­ment, insti­tu­tio­nal inves­tors in parti­cu­lar expect compre­hen­sive trans­pa­rency and conti­nuous commu­ni­ca­tion and ther­e­fore demand a listing in an appro­priate stock market segment. As far as sectors are concer­ned, it cannot be said that inves­tors prefer certain sectors. We have had IPOs from seven diffe­rent sectors since last year. So this shows that a good busi­ness model that attracts inves­tors does not depend on the industry.

Insti­tu­tio­nal inves­tors are prima­rily addres­sed in IPOs, and it depends on the size of the company which inves­tor comes into ques­tion. Large compa­nies seeking inclu­sion in a selec­tion index such as MDAX® or even DAX® cont­act corre­spon­din­gly large invest­ment funds, which must include stocks from selec­tion indi­ces in their port­fo­lios. The approach is analog­ous for smal­ler compa­nies: Here, inves­tors are addres­sed who have specia­li­zed in issuers of this size in order to diver­sify their port­fo­lio accordingly. 

Insti­tu­tio­nal inves­tors are prima­rily addres­sed in IPOs, and it depends on the size of the company which inves­tor comes into ques­tion. Large compa­nies seeking inclu­sion in a selec­tion index such as MDAX® or even DAX® cont­act corre­spon­din­gly large invest­ment funds, which must include stocks from selec­tion indi­ces in their port­fo­lios. The approach is analog­ous for smal­ler compa­nies: Here, inves­tors are addres­sed who have specia­li­zed in issuers of this size in order to diver­sify their port­fo­lio accordingly.