Half-year review — New IPOs 2018

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.

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