IPO: windeln.de in Prime Standard
OREANDA-NEWS. windeln.de (ISIN: DE000WNDL110) has been listed in the Prime Standard of the Frankfurt Stock Exchange since 6 May. A total of 11.4 million shares were placed in the IPO. The total issue volume, including greenshoe was approximately €211 million. The initial listing price was €18.00; the issue price €18.50.
Bank of America Merrill Lynch, Goldman Sachs International and Deutsche Bank are joint global coordinators and joint bookrunners as well as designated sponsors of the IPO. Baader Bank AG acted as a specialist.
“We welcome windeln.de to the Prime Standard of Deutsche Börse,” said Martin Reck, Managing Director for the Cash Market of Deutsche Börse. “This exchange listing allows the company to utilise to the full the growth funding opportunities that capital markets provide. We are delighted that windeln.de therefore has chosen the Frankfurt Stock Exchange.”
Alexander Brand, management board member and co-founder of windeln.de, said: “Today’s IPO is a milestone in the history of windeln.de. The step onto the floor of the stock exchange opens up significant opportunities for the future development of our company. We will seize these opportunities and pursue our growth strategy.”
Konstantin Urban, management board member and co-founder of windeln.de, added: “With our proven and attractive business model, windeln.de is well positioned to benefit from the growth opportunities in the e-commerce sector. The IPO thereby brings us closer to our goal of becoming the European e-commerce champion for serving young families.”
According to information provided by the company, windeln.de is one of the leading online retailers specializing in baby and toddler products in Germany, Austria and Switzerland. The company also sells baby and toddler products to customers in China. windeln.de offers approximately 100,000 products from over 1,000 brands. The offer ranges from diapers and baby food to child furniture, toys, clothing and strollers.
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