The last IPO of the year in Frankfurt was also the most arduous

The last IPO of the year in Frankfurt was also the most arduous: Only a large purchase order from the Brenninkmeijer family for shares in the Bavarian automotive supplier Novem brought the issue across the finish line. Almost a third of the 15 million papers sold goes to the owners of the clothing chain C&A, as Novem announced in the night. The German-Dutch family has owned the decorative parts manufacturer for ten years. After the IPO, only part of the share package will be held by the Cofra holding company instead of the Bregal holding company. It is currently unusual for a new issue to become slow-moving. For the most part, the past new issues have been good business for investors. The shares of 10 of the 16 newcomers to the stock market are up, only 5 are losing. So far this year, the Vodafone radio tower subsidiary Vantage Towers has been the most successful, with an increase of 24 percent since it was first listed, ahead of the bike retailer Bike24 with 22 percent. The shares of the transmission manufacturer hGears were on Thursday, however, 14 percent below the issue price. The new issues in 2021 have brought in 9.8 billion euros so far. In view of numerous other candidates, the best year for IPOs since the boom on the Neuer Markt 20 years ago is emerging. The year 2018 is to be beaten, in which a total of 18 companies with an issue volume of 11.3 billion euros went to the Frankfurt Stock Exchange. Only the online car dealer MeinAuto and the solar and wind farm operator Blue Elephant Energy withdrew, and instead obtained fresh money from new investors for its expansion.