The initial price of Inticom shares was determined on Xetra, the pan-European trading platform. IPOs via Xetra offer companies numerous advantages. Investors, companies and lead managers can follow the price determination process in the Xetra order book. Liquidity is bundled from the outset on Xetra and the price determination process can be broadcast live on the internet.
“The Prime Standard will provide Inticom access to a wide community of global investors and an attractive showcase to present itself to these investors,” said Rainer Riess, Managing Director at Deutsche Börse responsible for the Stock Market Business Development Market.
According to Inticom Systems AG, which was established in 2000, the company is a developer and manufacturer of electronic components and specializes on analog circuit technology. With revenues of €16 million (2004), the company is the main supplier of DSL splitters to the German telecommunications industry.
Issuers can choose between two clearly defined segments for the admission of their shares to the FWB: Prime Standard and General Standard. Companies listed in Prime Standard have to meet international transparency requirements. This Segment is tailored to the needs of companies that wish to attract global investors. The statutory transparency requirements apply in General Standard. This segment is suited to companies that primarily target domestic investors and prefer a less costly listing. There are currently around 360 companies listed in Prime Standard and around 480 in General Standard.
