Munich, 09 July 2018 — An analysis of new issues in the first half of 2018
► Contrary to the global trend in new issues, the number of IPOs in Germany increased in the first half of 2018
► 12 new issues in the first half of 2018 in Germany (previous year total 11)* with a placement volume of € 6.9 billion (previous year total € 2.6 billion)
► 10 new issues in the Prime Standard, 2 in scale, 1 cancellation
► Outstanding 1st quarter with 6 IPOs and a placement volume of € 6.4 billion
► Siemens Healthineers AG with €4.2 billion ($4.9 billion) placement volume largest IPO worldwide
► 3 of the 12 issuers with losses in the year before the IPO
► Most issuers placed in the middle third of the bookbuilding range (5/12); 1 fixed price procedure (Godewind Immobilien AG)
► Only about 35 % of the placement volume went to issuers
► Average Greenshoe exercise rate 70.5
► Average subscription profit 2.8 % (median 0.4 %)
► Half-yearly closing price 30 June: 5 of 12 issuers with price gain and 5 of 12 issuers with price loss
► Hauck & Aufhäuser and Berenberg most active issuing banks
► Further promising stock market candidates announced for the second half of 2018
Half-year review of new issues 2019 as pdf
About Blättchen & Partner
With its innovative financial strategies, Blättchen & Partner GmbH has been one of the leading corporate finance experts in Germany for over 30 years. The Munich-based company specializes in advising on management participation programs, IPOs, bonds, promissory note loans and the associated post-issuance capital market support. Other key areas of the company’s range of services include corporate participations and M&A transactions. More than 500 transactions are proof of the company’s proven expertise. The grown interdisciplinary competence network, the high level of customer satisfaction and the large number of publications on important corporate finance topics reflect the recognized reputation of Blättchen & Partner GmbH.
