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Bastei Lübbe AG (ISIN: DE000A1X3YYO) shares have been tradable in the Prime Standard of the Frankfurt Stock Exchange since 8 October. The placement volume at the initial public offering (IPO) was 4,000,000 shares. The placement price was €7.50 and the initial listing price €7.53.
Lead manager, designated sponsor and specialist is Close Brothers Seydler Bank AG.
“We are delighted that Bastei Lübbe has chosen Frankfurt for its IPO. In the Prime Standard the company will meet the highest transparency requirements and is thus excellently positioned for international investors,” said Dr Martin Reck, Cash Market Managing Director at Deutsche Börse.
Bastei Lübbe is a German publishing and media Its business activities include paperback and hardback books in print form as well as audiobooks, e-books, and other digital publications. Its catalogue includes a wide range of fiction, non-fiction and entertainment products, including paperback fiction series, puzzle books and magazines. The group’s business activities additionally include the licensing of book rights and the creation, production and marketing of gift, decorative and merchandising articles.
