Talanx AG IPO on the Prime Standard

Steven Bobson, Europe & Americas Editor
October 03, 2012 /

Talanx AG (ISIN: DE000TLX1005) joined the Prime Standard of the Frankfurt Stock Exchange on 2 October. The placement volume in shares at the IPO totalled 26,011,564 (excl. greenshoe). The issue price was 18,30 € and the initial listing price 19,05 €.

The lead managers are Deutsche Bank and Berenberg Bank, which are also acting as designated sponsors. Scheich & Partner is the specialist.

“Deutsche Börse congratulates Talanx AG on its IPO. We are delighted that it has chosen the Prime Standard and thus the highest transparency requirements. The segment is aimed at all companies that want to position themselves internationally,” said Alexander Höptner, who is responsible for the Markets Services Department at Deutsche Börse.

Moreover, Herbert K. Haas, chairman of Talanx AG, added: “Today is an outstanding day for Talanx. By going public, we achieve an aim that has been targeted for a long time. The positive feedback provided by the investors, whom we are thanking for their trust, is proving this. We are delighted that the IPO has been successful and that, therefore, an important strategic vision of Talanx AG has been realised.

Headquartered in Hannover, the Talanx Group is active in 150 countries on all five continents. According to information from the company, the Talanx Group operates with great success both nationally and internationally as a multi-brand provider in the insurance and financial services industry. The group is headed by Talanx AG, which acts as the management and financial holding company for the group, but is not involved in the insurance business itself.

The group operates in the divisions of Retail Germany, Retail International, Industrial Lines and Reinsurance and also in the field of financial services. Its most significant brands include HDI and HDI-Gerling, which provide insurance for retail, corporate and industrial customers; Hannover Re, one of the world’s leading reinsurers; neue leben, PB and TARGO, which specialise in bancassurance; the Polish brands Warta and TU Europa; and AmpegaGerling, a fund provider and asset manager.

2012 has thus far seen five IPOs in the Prime Standard and three in the Entry Standard.

 

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