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New at the Frankfurt Stock Exchange: JOST Werke AG

Release date: 20 Jul 2017 | Deutsche Börse

New at the Frankfurt Stock Exchange: JOST Werke AG

First Price: €27.40 / issue volume of €231 million

JOST Werke AG (ISIN: DE000JST4000) is listed in the Prime Standard on the Frankfurt Stock Exchange as of today. The issue volume of the private placement was €231 million. The first price was €27.40, the issue price €27.00.

Deutsche Bank, J.P. Morgan and Commerzbank were mandated as Joint Global Coordinators and Joint Bookrunners. BNP Paribas acts as a further Joint Bookrunner. Deutsche Bank, J.P. Morgan and Commerzbank are designated sponsors for Xetra trading, while Baader Bank has the role of the specialist on the Börse Frankfurt venue.

According to company sources, JOST is a leading global producer and supplier of safety-critical systems to the truck and trailer industry. With its global distribution network and production facilities in thirteen countries across five continents, JOST has direct access to all major truck and trailer manufacturers and relevant end customers. JOST currently employs about 2,700 members of staff worldwide.

 

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