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Share subscription for IPO of GOVECS AG launched on the Frankfurt Stock Exchange

Release date: 01 Nov 2018 | Deutsche Börse Cash Market

Share subscription for IPO of GOVECS AG launched on the Frankfurt Stock Exchange

IPO planned for 13 November / Deutsche Börse’s DirectPlace supports sub-scription process

The share subscription for the IPO of GOVECS AG (ISIN: DE000A2NB122) started today on the Frankfurt Stock Exchange. The company is planning a listing in the Prime Standard and the subscription runs until 8 November. The price range for the offered shares was set at 10.00 to 12.00 euros per share. The first trading day will be 13 November. 

GOVECS AG is the leading manufacturer of electric scooters in Europe with a market share of 60 percent according to its own figures. The company was founded in 2009 and today has 230 employees. GOVECS produces in its own factory in Breslau, Poland. The electric scooters are available via the GOVECS trading platform HappyScooter as well as via two own shops in Stuttgart and Berlin.

At launch of the share subscription DirectPlace will get involved. Deutsche Börse's subscrip-tion function intends to enable companies to tap into additional investor groups, such as fa-mily offices, asset managers and retail investors, prior to their IPO. This gives private inves-tors the opportunity to place buy orders at the Börse Frankfurt venue through their custodian bank during the subscription period. Investors can find important information on the transaction as well as the securities prospectus at www.boerse-frankfurt.de.

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