Derby Cycle AG joined the Prime Standard of the regulated market on the Frankfurt Stock Exchange on 4 February. The IPO included an offering of 6,090,000 new no-par value ordinary bearer shares. The issue price was 12.50 and the initial listing price 13.15. The issue banks and designated sponsor are equinet Bank AG and BHF-BANK, the lead broker is Bid & Ask Financial Services GmbH.
Derby Cycle AG is the first new company we have the pleasure of welcoming to the Prime Standard in 2011, said Alexander Hptner, Head of Markets Services at Deutsche Brse. The Prime Standard is tailored to the needs of companies wishing to position themselves to attract international investors, in particular, by offering a high degree of transparency.
Derby Cycles aim is to further penetrate the bicycle markets in Germany and Europe in the coming years, particularly with electric bikes, said Matthias Seidler, CEO of Derby Cycle AG. We plan to use the funds generated by the IPO to support the growth we aim for outside of Europe.
D.C.