IPO in Prime Standard: Powerland AG

Powerland AG (ISIN: DE000PLD5558) joined the Prime Standard of the regulated market on the Frankfurt Stock Exchange on 11 April. A total of 6,325,000 Powerland shares were placed in the IPO, of which 5,000,000 are from a cash capital increase. A further 500,000 shares are from the holdings of the existing shareholders. The additional 825,000 shares placed as part of the overallotment also came from the holdings of the existing shareholders. The issue price was €15.00 and the initial listing price €16.50.

IPO of Powerland AG at the Frankfurt Stock Exchange (Photo: André Langer)

Lead manager and designated sponsor is Macquarie Capital (Europe) Limited. Berenberg will act as an additional consortium bank in the role of joint lead manager. bid & ask Financial Services GmbH is acting as lead broker.

"We are delighted that Powerland has chosen Frankfurt for its IPO”, said Alexander Höptner, Head of Markets Services at Deutsche Börse. "Deutsche Börse has a very good reputation in China. Chinese SMEs rate Frankfurt highly as a listing venue. Their shares are listed here in euros and are traded in a highly liquid market. Experienced investors and analysts from peer groups ensure a fair valuation. Moreover, the price and speed of the listing process in Frankfurt are attractive.”

"The aim of the IPO is to drive profitable and high-margin growth in the Chinese domestic market and, in particular, to expand the sales network of Powerland stores over the coming years in order to achieve this," said Powerland CEO Shunyuan Guo. "The focus of expansion is on tier 1 cities such as Shanghai and Beijing, as well as tier 2 cities such as provincial capitals.

Powerland markets high-quality handbags, suitcases and leather accessories in China. According to information from the company, Powerland is represented by over 100 stores in China’s major towns and cities.

New entrants to the Frankfurt Stock Exchange in 2011 per segment: Prime Standard 5, General Standard 3, Entry Standard 6, Open Market (FQB) 72.

To date 27 Chinese companies are listed on the Frankfurt Stock Exchange: Prime Standard 5, General Standard 1, Entry Standard 7, Open Market (FQB) 14.

http://deutsche-boerse.com/dbag/dispatch/cn/kir/gdb_navigation_other_languages/lc

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