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20/07/2017 11:15:21
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Börse Frankfurt News

Listing: JOST Werke AG in Prime Standard

JOST Werke AG went public at Frankfurt Stock Exchange this morgen. First price was €27.40, issue price €27.00. Market capitalization at trading start was around €402 million.
20 July 2017. FRANKFURT (Börse Frankfurt). JOST Werke AG (WKN JST400) is listed in the Prime Standard of the Frankfurt Stock Exchange now.

The initial listing price was €27.40; the issue price €27.00. The issue volume of the private placement was €231 million.

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.

20 July 2017, © Deutsche Börse AG

CFO Christoph Hobo, CEO Lars Brorsen, COO Ralf Eichler, JOST, Gregor Pottmeyer, CFO der Deutsche Börse AG

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