Deutsche Boerse: Klassik Radio Listed On The Frankfurt Stock Exchange(FWB) - Admitted To The General Standard

Klassik Radio AG went public in the General Standard of the Frankfurt Stock Exchange (FWB) on Wednesday. The announcement was made by Deutsche Börse AG, as operator of the FWB. Klassik Radio’s shares were initially priced at €6.05. The listing was managed by ING BHF Bank.

Klassik Radio AG was established in 1989 and, according to the company’s own information, is an independent private radio holding company. The focus of Klassik Radio Group’s activities is the operation of the radio channel Klassik Radio.

Issuers can choose between two clearly defined segments for the admission of their shares to the FWB:

Prime Standard and General Standard. Companies listed in Prime Standard have to meet international transparency requirements. This segment is tailored to the needs of companies that wish to attract global investors. The statutory transparency requirements apply in General Standard. This segment is suited to companies that primarily target domestic investors and prefer a less costly listing. There are currently around 350 companies listed in Prime Standard and around 470 in General Standard.