For the first time, the Vienna Stock Exchange is planning to make international stocks available on its trading platform right after the initial public offering. The stocks of the latest German listing candidate, Delivery Hero AG, will be added to the new segment global market. Right after the start of trading on the Frankfurt Stock Exchange, it will be possible to trade the stocks on the Vienna Stock Exchange. Baader Bank will act as market maker to ensure liquidity and attractive prices in continuous trading.
According to the company, Delivery Hero AG has over 6,000 employees in over 40 markets, making it one of the leading global online food ordering and delivery marketplaces. The German group also has affiliates in Austria such as the food delivery services foodora and mjam.
Christoph Boschan, CEO Wiener Börse AG commented: "We are serious about our claim made at the beginning of June of giving investors offers without borders and are now offering second helpings to the stock hungry. From a risk diversification perspective, it is only understandable that investors are also seeking international IPOs. As a national stock exchange, we want to offer a one-stop-shop with optimal service for domestic investors. Investors like to order food from home, then they should also have a opportunity of trading stocks at home."
