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Start of trading at the Frankfurt Stock Exchange scheduled for July 5 / DirectPlace supports the placement of the shares
Bond subscription of paragon AG has started today and is expected to last until 29 June. The company is planning the listing in the Scale segment at the Frankfurt Stock Exchange on July 5. The shares of paragon AG are already listed today in the Prime Standard at the Frankfurt Stock Exchange. According to information provided by the company, paragon AG produces and sells products and systems for automotive electronics, electric mobility and body kinematics. paragon AG and its predecessors can look back on almost 30 years of company history. In addition to the company headquarters in Delbrück, paragon AG and its subsidiaries maintain other locations in Germany, China and the USA.
DirectPlace will provide its support in the share subscription. Deutsche Börse's subscription functionality is intended to enable companies to tap into additional investor groups such as family offices, asset managers and retail investors prior to the IPO. This gives retail investors the opportunity to place buy orders through their custodian bank during the subscription phase. Investors can find information on the transaction as well as the securities prospectus at www.boerse-frankfurt.de.
Currently 44 equities and 13 corporate bonds are listed in Scale. Company admission for the segment includes meeting minimum requirements on key financial figures and cooperating with a Deutsche Börse capital market partner that checks the company's suitability for the segment and also oversees the company after their IPO. Research reports commissioned and paid for by Deutsche Börse and prepared by Edison Investment Research and Morningstar are also mandatory. The Scale All Share Index which was launched in mid-March tracks all Scale-listed shares.
