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China BPIC Surveying Instruments AG (ISIN: DE000A1PG508) joined the Entry Standard of the Frankfurt Stock Exchange (FWB) on 20 November. The initial listing price was €4.05.
The lead manager is biw Bank für Investments und Wertpapiere AG. Wolfgang Steubing AG is acting as specialist.
“The Entry Standard is an excellent entry segment for China BPIC Surveying Instruments AG as it is particularly suited to young SMEs. The equities are included in trading easily, quickly and cost-efficiently. It is also possible to upgrade to the EU-regulated market at a later stage,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse.
Mr Wei XIE, CEO of China BPIC Surveying Instruments AG said, “The Listing of BPIC at the Frankfurt Stock Exchange is not the end of our journey. Indeed, putting my company into public is just the beginning. Frankfurt Stock Exchange serves as a platform for our future financing as well as an effective means to raise our brand and product awareness among European customers. By fully utilising this platform, we can grow BPIC in a rapid and sustainable way. In the long term, I believe what we achieved today would doubtlessly lead BPIC to further success in the future and our shareholders will participate to a high degree.”
BPIC is principally engaged in designing, manufacturing and selling of surveying instruments under its own “BPIC” brand. Besides that, BPIC also takes orders from other surveying instruments manufacturers in China. These orders include the design and manufacturing of whole surveying instruments equipment and component systems, sub-contracting components manufacturing to third parties on behalf of customers, selling of software, etc.
2012 has thus far seen eight IPOs in the Prime Standard and four in the Entry Standard.
