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23/03/2018 12:15:24
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Börse Frankfurt News

Listed in Frankfurt: DWS Group went public today

The asset manager is listed in Prime Standard now. Initial price was 32.55€, issue price 32.50€
23 March 2018. FRANKFURT (Börse Frankfurt). DWS Group GmbH & Co. KGaA (ISIN DE000DWS1007) is listed in the Prime Standard of the Frankfurt Stock Exchange now. Its shares opened trading at 32.55€ following an issue price of 32.50€.

Lead managers included Deutsche Bank and Citigroup Global Markets, with Deutsche Bank and Kepler Cheuvreux acting as designated sponsors for Xetra trading. Baader Bank is serving as the specialist on Börse Frankfurt venue.

According to company information, DWS Group GmbH & Co. KGaA is one of the world's leading investment management organisations with around 700 billion Euro in assets under management. DWS is located in Frankfurt am Main and comprised in the group structure thus far Deutsche Bank AG's asset management division. It employs 3,800 people, including about 900 investment experts, advising clients in 22 countries around the globe. Retail and institutional investors in Europe, the USA and Asia can choose from a product range totalling around 600 different funds. These are split into Active (513 billion Euro), Passive (115 billion Euro) and Alternatives (71 billion Euro) Capabilities.

CFO Claire Peel, CEO Nicolas Moreau

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