Der Markt für Neu­emis­sio­nen in Deutsch­land 2023 – Deutsch­land kommt nicht vor­an

CORPORATE FINANCE Nr. 01–02 26.01.2024 von Dr. Kon­rad Bösl, Kon­stan­tin Dudeck und Juli­us Hof­mann

Die poli­ti­schen und wirt­schaft­li­chen Rah­men­be­din­gun­gen für Neu­emis­sio­nen waren 2023 sehr schlecht. Das hat in der Neu­emis­si­ons­bi­lanz welt­weit sei­ne Spu­ren hin­ter­las­sen. Es gab so weni­ge Neu­emis­sio­nen wie seit 2016 nicht­mehr. Der schlech­ten Ent­wick­lung hat sich der deut­sche Neu­emis­si­ons­markt naht­los ange­schlos­sen. Drei Neu­emis­sio­nen brach­ten es auf ein Plat­zie­rungs­vo­lu­men von gut 1,9 Mrd. € und trotz ful­mi­nan­ter Jah­res­end­ral­lye war die Kurs­ent­wick­lung bei zwei Neu­emis­sio­nen nega­tiv und schlech­ter als die Gesamt­markt­ent­wick­lung. Die Hoff­nung auf sin­ken­de Zin­sen treibt die Erwar­tun­gen auf mehr Neu­emis­sio­nen und den­noch wird Deutsch­land sei­ne Poten­zia­le nicht aus­schöp­fen kön­nen, da es dem Bör­sen­stand­ort Deutsch­land an Tie­fe und Liqui­di­tät fehlt.

Wei­ter­le­sen auf https://cf-fachportal.de

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