FRANKFURT, Germany--(BUSINESS WIRE)--Ultrasonic AG (ISIN: DE000A1KREX3) joined the Prime Standard of the regulated market on the Frankfurt Stock Exchange on 9 December. A total of 700,000 shares were placed at the IPO with an issue price of €9.00 per share. The initial listing price was €9.00.
The consortium leader, lead manager and sole bookrunner is BankM – Representative Office of biw Bank for Investments and Wertpapiere AG; mwb fairtrade Wertpapierhandelbank AG is acting as specialist.
“We are delighted that Ultrasonic AG has chosen an IPO in Frankfurt. It is the fifth Chinese company to join the Prime Standard this year, making 2011 a record year in this respect despite the recent turbulence on the stock market,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse. “All the Chinese companies in the Prime Standard have voluntarily chosen the legal form of a German AG and have thus committed themselves to complying with the strict German corporate governance regulations.”
“Deutsche Börse has a very good reputation in China. Ultrasonic is convinced that Deutsche Börse will offer an efficient and cost effective platform, and sees attractive investor potential in Europe,” said Ultrasonic CEO Qingyong Wu. “We intend to use the IPO to finance further growth – especially by increasing production capacity and extending the sales network.”
Ultrasonic was founded in 1998 in Fujian and produces high-quality brand shoes for the Chinese market.
To date, 37 Chinese companies have made an initial public offering in Frankfurt, nine of them in the Prime Standard, one in the General Standard, six in the Entry Standard and 21 in the Open Market (First Quotation Board).
New entrants in 2011 to the Frankfurt Stock Exchange: Prime Standard 12, General Standard 1, Entry Standard 3.
Transfers: Prime Standard 5, General Standard 9, Entry Standard 14. Inclusions in First Quotation Board: 192
For further information visit our Chinese website: http://deutsche-boerse.com/cn
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