Deutsche Börse ranked number one among Europe's established stock exchanges in Q1 2010 in terms of number of IPOs and placement volume, according to the quarterly IPO study by Ernst & Young. The study reports that the total volume of Deutsche Börse’s IPOs by Kabel Deutschland, Brenntag, Tom Tailor and Joyou amounted to US$ 2.24 billion which is higher than any other European stock exchange. Kabel Deutschland also was among the top 10 IPOs globally. Furthermore, Deutsche Börse welcomed its first Special Purpose Acquisition Company (SPAC), Helikos,in Q1. By comparison, five companies launched their IPOs in London with a total of US$ 1.9 billion on the main market of LSE, while at NYSE Euronext the total volume for the same period was US$ 0.4 billion.
Deutsche Börse’s high liquidity, and strong analyst network for the environmental technology, pharmaceuticals and health care, automotive and technology/software sectors distinguish it as an attractive European listing venue. These qualities have historically provided IPOs with better valuations and lower capital costs, as academic studies regularly show.
