Frankfurt / Main (dpa) – In the coming year, according to experts, more companies are likely to dare to go public again.
Also because some companies had postponed their plans in 2021, there are a lot of promising candidates in Germany, according to a study published on Thursday by the Hamburg consultancy Kirchhoff Consult.
“We expect at least 15 IPOs in 2022,” said CEO Jens Hecht. If the global economy grows and the stock market environment remains stable, the corona pandemic should not stand in the way of further IPOs.
Plans already published
Candidates include the up-and-coming banks N26 and Solarisbank, the dating portal ParshipMeet (ProSiebenSat.1) and the electrolysis company Uhde Chlorine Engineers, in which the steel company Thyssenkrupp holds the majority. The companies had already made stock market plans public. The prosthesis manufacturer Ottobock and the Greifswald drug company Cheplapharm could also aim to go public in 2022 according to media reports.
This year the market for IPOs has recovered significantly from the weak previous year 2020, in which hardly any companies dared to go public due to the pandemic and the corona share crash. The number of IPOs in the Prime Standard, the segment with the most demanding transparency requirements of Deutsche Börse, rose from five to twelve, according to the study. The last time there was more was in 2018. At the same time, the value of the shares issued grew to around 8.6 billion euros, almost ten times more than in 2020 (0.9 billion).
The front runners
The largest IPO this year was the transmission tower operator Vantage Towers (2.2 billion issue volume), followed by the online car platform Auto1 (1.8 billion) and the software company Suse (1.1 billion). On this Friday, the car manufacturer Daimler also wants to go public with its commercial vehicle business (Daimler Truck).
The study focuses on the Prime Standard and looks at new issues as well as private placements. The deadline was November 30th.
The year for IPOs went extremely well until July, said CEO Klaus Rainer Kirchhoff. After that, some companies postponed their plans or canceled them altogether, as concerns about price falls on the stock market increased and the shares of some newcomers to the stock exchange had performed poorly.
IPOs have only played a minor role in Germany for years. Many companies shy away from the capital market and prefer to finance themselves through loans from their house banks or issue bonds.
© dpa-infocom, dpa: 211209-99-311191 / 3
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