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Shares of the Chinese Tintbright AG (ISIN: DE000A1PG7W8) have been tradable in the Prime Standard of the Frankfurt Stock Exchange since 27 January. The placement volume was 2,000,000. The initial listing price was €12,20.
BankM – representative office of biw Bank für Investments und Wertpapiere AG is the manager and designated sponsor.
“We welcome Tintbright AG as the first IPO in the Prime Standard this year”, said Dr Martin Reck, Cash Market Managing Director at Deutsche Börse. “The Prime Standard puts the company in the most transparent segment in the regulated market of the Frankfurt Stock Exchange, thus positioning it extremely well for international investors. The Xetra trading platform now gives 4,500 traders from 18 countries access to Tintbright AG's shares.”
“The successful listing further strengthens our competitive position as integrated supplier of innovative and customised one-stop solutions in the Chinese textile market”, Tianzhun Zhao, chairman and founder of Tintbright AG, commented on the initial quotation of the company.
“Germany and the Frankfurt Stock Exchange have a very high reputation in China and the IPO therefore improves our reputation to attain our expansion goals”, added CEO Yuehui Hong.
According to company information, Tintbright Group was founded in 1995 and is active primarily in the production and processing of fabrics through its operating subsidiaries in the People's Republic of China. This includes weaving, printing and dying as well as post-processing treatments.
