Selecting the ideal stock exchange is an important strategic decision for issuers. They need to carefully analyse the various individual company factors and market sentiment as well as the IPO process. And there are various other essential factors, e.g. German and EU/EFTA-based issuers are eligible for inclusion in the German/European benchmark indices.
Therefore, Deutsche Börse aims to contribute to a well-founded analysis for issuers on choosing the right listing venue. The resulting report provides data-driven insights, seeking to inform and to support the decision-making process for listing candidates.
Key takeaways
Choosing the stock exchange is an important long-term strategic decision. Beyond the discussion of listing aspects such as valuation and liquidity, multiple individual company and market factors as well as the IPO process are equally critical.
More than 92% of total proceeds by German issuers were raised via Deutsche Börse since 2014 from successful IPOs, including global players, tech companies and leading SMEs. Listings in Frankfurt attract a diverse investor base, both domestically and internationally.
German-based issuers are eligible for inclusion in the German/ European benchmark indices but ineligible for US indices. The German capital markets has one of the fastest-growing retail investor segments in Europe, offering a large pool of additional demand addressable in domestic IPOs. This trend is further reinforced by the ability to market IPOs nationwide through digital out-of-home advertising.
A cross-border listing requires the onboarding of a larger global team of IPO advisors and consultants to cover multiple jurisdictions and meet additional requirements. Cross-border listed companies in the US can face intense scrutiny from investors, regulators, and the public, as well as heightened class-action lawsuits and litigation risks.
Request the full report here: preiposervices@deutsche-boerse.com
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