There were 230 new listings in all segments of Deutsche Boerse in 2007, making it a record year for IPOs on the exchange. The new listings included 15 first-time listings in Frankfurt from companies based in China, Russia and the CIS, and several in the new REITs segment launched in November this year.
33 of the new companies were listed in Prime Standard (2006: 40 companies), 4 in General Standard (2006: 9 companies), and 43 companies in Entry Standard (2006: 59). The open market recorded the largest year-on-year growth with 150 new listings (2006: 102 companies).
The total issue volume is exactly as it was in 2006, at Euros 7.8 billion. In terms of issue volume, the largest IPOs this year were Tognum with Euros 2.0 billion, Hamburger Hafen und Logistik AG with Euros 1.2 billion, and Gerresheimer with Euros 912 million. The 230 new entrants accounted for a market capitalization of around Euros 33.0 billion; in 2006 this figure amounted to Euros 32.4 billion.
Deutsche Boerse also claims to have further improved its position as a cost-efficient listing venue with high liquidity. This year saw 7 IPOs from China for the first time, including Zhong De and Asian Bamboo in Prime Standard. Deutsche Boerse also saw its first IPOs from Russia/CIS, with total of 8 companies making their debut on the open market. “These figures confirm the increasing internationalization of the primary market,” said the German exchange in a statement.
In November, Deutsche Boerse launched an independent REITs segment with the IPO of alstria office-REIT AG, creating a listing platform for this asset class. Fair Value REIT-AG was the second company to enter Deutsche Boerse’s REITs segment, in December.