RTL Group S.A. (ISIN: LU0061462528) joined the Prime Standard of the Frankfurt Stock Exchange on 30 April. The placement volume in shares at the IPO totalled 23,182,000. The placement price was €55.50 and the initial listing price €55.50.
Consortium banks and designated sponsors are Deutsche Bank AG and Morgan Stanley Bank AG. Baader Bank AG is acting as specialist.
“Deutsche Börse congratulates RTL Group on its IPO in Frankfurt. We are delighted that RTL Group has chosen the Prime Standard and thus the highest transparency requirements in Europe,” said Martin Reck, Cash Market Managing Director at Deutsche Börse.
Anke Schäferkordt and Guillaume de Posch, Co-CEOs of RTL Group commented, “In raising the free float of RTL Group shares, we also examined how we could increase their liquidity.” We concluded that the Frankfurt Stock Exchange was the number one choice for RTL Group for a number of reasons: Frankfurt's importance as one of Europe's largest financial centres combined with the strength of our business in Germany and the excellent brand awareness RTL enjoys.”
According to company sources, RTL Group is Europe's leading entertainment network with stakes in 53 TV channels and 28 radio stations in ten countries as well as content supplied to 62 countries.
