Derby Cycle AG (ISIN: DE000A1H6HN1) joined the Prime Standard of the regulated market on the Frankfurt Stock Exchange on 4 February. The IPO included an offering of 6,090,000 new no-par value ordinary bearer shares. The issue price was €12.50 and the initial listing price €13.15.
The issue banks and designated sponsor are equinet Bank AG and BHF-BANK, the lead broker is Bid & Ask Financial Services GmbH.
“Derby Cycle AG is the first new company we have the pleasure of welcoming to the Prime Standard in 2011,” said Alexander Höptner, Head of Markets Services at Deutsche Börse. “The Prime Standard is tailored to the needs of companies wishing to position themselves to attract international investors, in particular, by offering a high degree of transparency.”
“Derby Cycle’s aim is to further penetrate the bicycle markets in Germany and Europe in the coming years, particularly with electric bikes,” said Matthias Seidler, CEO of Derby Cycle AG. “We plan to use the funds generated by the IPO to support the growth we aim for outside of Europe.”
According to the company’s own information, Derby Cycle AG is the largest bicycle manufacturer in Germany and one of the leading producers in Europe.
New entrants to the Frankfurt Stock Exchange so far in 2011 per segment are: Prime Standard 1, General Standard 1, Entry Standard 2, Open Market 22.