Adler Modemärkte AG (ISIN: DE000A1H8MU2) joined the Prime Standard of the regulated market on the Frankfurt Stock Exchange on 22 June. A total of 11,157,940 no-par value ordinary bearer shares were placed in the IPO. The capital increase will generate around €26.5 million in gross issue proceeds for Adler Modemärkte AG. The issue price was €10.00 and the initial listing price €10.00.
Crédit Agricole CIB is lead manager, Crédit Agricole Cheuvreux SA is designated sponsor and Bankhaus Main AG functions as specialist.
“Adler Modemärkte AG is the ninth company we have welcomed to the Prime Standard in Frankfurt this year,” said Frank Gerstenschläger, member of the Executive Board of Deutsche Börse AG and responsible for the Xetra business area. “Companies listed in the Prime Standard offer a high degree of transparency and are thus the focus of international investors.”
“With our attractive and sustainable history and our sucessful business model we were able to satisfy our investors and can now continue to pursue our expansion plans”, said Lothar Schäfer, Chief Executive Officer of Adler Modemärkte AG. “As one of Germany’s traditional textile retailers with opretaions in further European countries we are proud to be listed at one of the most important exchanges in Europe.”
According to information from Adler Modemärkte AG, it is a leading textile retailer and currently German market leader in the lower mid-price segment with more than 130 fashion stores.
New entrants to the Frankfurt Stock Exchange in 2011 per segment: Prime Standard 9, General Standard 5, Entry Standard 9, Open Market 111.