Listing (admission to trading)
Stock exchanges bring companies from the real economy together with investors in the capital market. Companies, whether they be large or medium-sized, established or young, domestic or international, raise equity or debt capital on the Frankfurt Stock Exchange.
Companies can increase their equity by issuing shares, and investors are normally granted a say in the company in return. Companies, institutions, or federal states issue bonds in order to raise long-term finance (debt capital). Investors who buy bonds do not buy an interest in a company; instead, they acquire the right to redeem the amount they have lent to the company, plus interest, when the bond matures.
Deutsche Börse operates the Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange), an institution governed by public law, where corporate securities are admitted to trading in accordance with strict legal requirements and stock exchange rules (listing). Deutsche Börse offers companies three transparency standards: companies wishing to raise equity can opt for the Prime Standard, General Standard or Scale.
In this segment, issuers have to comply with transparency requirements that go beyond those of the General Standard and fulfil the information needs of international investors (e.g. interim reports). The Prime Standard also contains a broad range of bonds.
More information on Prime Standard on deutsche-boerse-cash-market.com
Here, the minimum legal requirements apply; these provisions are binding for all issuers at the Frankfurt Stock Exchange. General Standard is particularly suitable for companies which address national investors and opt for a cost-efficient listing.
More information on General Standard on deutsche-boerse-cash-market.com
On 1 March 2017, Deutsche Börse launched a new exchange segment designed to enhance access to investors and growth capital for smaller and medium-sized enterprises (SMEs). As a segment of the exchange-regulated market, it replaced the Entry Standard for equities and corporate bonds.
More information on Scale on deutsche-boerse-cash-market.com
Prime Standard for corporate bonds
In the form of the Prime Standard for corporate bonds, Deutsche Börse offers large members of the Mittelstand and international corporations an avenue for raising debt capital through the exchange.
More information on Prime Standard for corporate bonds on deutsche-boerse-cash-market.com
Scale for corporate bonds
Scale for corporate bonds, Deutsche Börse’s segment for small and medium-sized enterprises (SMEs), offers an efficient opportunity to raise debt capital through the exchange.
More information on Scale for corporate bonds on deutsche-boerse-cash-market.com