German stock market operator Deutsche Boerse said Jan. 4 that 210 companies went public in Germany last year, the highest number since the Frankfurt stock exchange reorganized and restructured its stock indices and segments in 2003.
Forty companies were listed on the top-league Prime Standard market segment, the most demanding of Frankfurt's stock market segments, up from 17 in 2005. Nine companies were listed on the wider General Standard segment, compared with just one in 2005. And 102 companies opted to be listed on the Open Market segment, compared with 26 a year earlier.
The 210 newly listed companies had a combined market capitalization of around 32.4 billion euros (US$42 billion), of which the Prime Standard listed companies accounted for 25 billion euros, Deutsche Boerse calculated.
In 2005, the market capitalization of new stock market listings amounted to 12.8 billion euros.
Copyright Agence France-Presse, 2007
