Deutsche Biogas AG (ISIN: DE000A1E8988) joined the Entry Standard of the Frankfurt Stock Exchange on 3 December. The public offering (with prospectus) comprised 2,600,000 shares (including a greenshoe of 300,000 shares). The issue price was €8.50 and the initial listing price €8.75.
equinet Bank AG is the issue bank, designated sponsor and lead broker.
“We are delighted that Deutsche Biogas AG has opted for an IPO in the Entry Standard,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse. “The Entry Standard has been access point to the capital market for more than five years now. It is a place for companies to gain initial experience. We have structured our market in such a way as to foster corporate development too.”
According to information provided by the company, Deutsche Biogas AG produces and distributes electricity and heat from biogas production plants. “The IPO lays the foundation for further growth. We will be using the additional funds to expand our portfolio of biogas production plants and further develop our technological expertise,” said CEO Horst Lammers.
New entrants to the Frankfurt Stock Exchange in 2010 per segment are: Prime Standard 8, General Standard 11, Entry Standard 17, Open Market 136.