RIB Software AG (ISIN: DE000A0Z2XN6) joined the Prime Standard of the regulated market on the Frankfurt Stock Exchange on 8 February. The IPO included an offering of 13,635,772 no-par value ordinary bearer shares (and a greenshoe of 2,045,368 shares). The issue price was €9.25 and the initial listing price €9.30.
Lead manager and designated sponsor is UBS Investment Bank. The lead broker is Bid + Ask Financial Services GmbH.
“RIB Software AG is the second company we have the pleasure of welcoming to the Prime Standard in 2011,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse. “44 software companies now make up the Prime Standard’s Software sector. They offer a high degree of transparency and are thus the focus of international investors.”
“The IPO in Frankfurt offers us new growth and development opportunities. Net proceeds from the issue will be used to implement geographic expansion plans, tap new markets and strengthen existing software development capacities,” said Thomas Wolf, CEO of RIB Software AG.
According to information provided by the company, RIB Software AG develops and sells integrated project management software solutions for the construction industry.
New entrants to the Frankfurt Stock Exchange so far in 2011 per segment are: Prime Standard 2, General Standard 1, Entry Standard 2, Open Market 22.
