AutoBank AG joined the Entry Standard of the Frankfurt Stock Exchange on 19 November. The public offering (with prospectus) included 1,890,000 new shares. The issue price was 2.50 and the initial listing price 2.50.
The underwriter and designated sponsor is VEM Aktienbank AG, while the lead broker is Bankhaus Main AG.
Austria alone holds wide-ranging growth potential for us, said Gerhard Fischer, a member of Autobanks Executive Board. And being around ten times larger, the German market also offers interesting prospects.
We are delighted that AutoBank has chosen the Entry Standard as its market segment, said Barbara Georg, Head of Listing & Issuer Services at Deutsche Brse. The Entry Standard belongs to the exchange-regulated Open Market and enables equities to be admitted to trading easily, quickly and cost-effectively. It opens the door to the capital market for businesses.
D.C.