Haikui Seafood AG (ISIN: DE000A1JH3F9) joined the Prime Standard of the
Frankfurt Stock Exchange on 15 May. The IPO comprised 276,000 shares
(excluding greenshoe). The issue price was €10.00 and the initial
listing price €10.00. The issue volume was €2.8 million.
IPO in Frankfurt: Haikui's CEO Zhenkui Chen sounds the opening gong. (Photo: Business Wire)
BankM – Representative Office of biw Bank für Investments und
Wertpapiere AG and Pareto Securities AS are joint lead managers.
Wolfgang Steubing AG is acting as the specialist.
"We welcome Haikui Seafood AG as the first IPO of the year,” said
Alexander Höptner, Head of Markets Services at Deutsche Börse. "By
choosing the Prime Standard, Haikui has joined the segment with the
highest transparency in the regulated market of the Frankfurt Stock
Exchange and is thus positioning itself extremely well for international
"Listing in Germany is very attractive for companies from China,” said
Haikui Seafood's CEO Zhenkui Chen. "The IPO is quick and runs according
to clear and transparent rules. We are delighted to have been able to
convince so many investors of Haikui Seafood AG's business model during
our roadshow and to have had a successful IPO.”
Haikui Seafood AG processes fish and seafood for the Chinese and
international markets. Clients of Haikui Seafood are distributors in
China and overseas, located mainly in Asia, Europe and the US. According
to information provided by the company, Haikui generates more than two
thirds of its revenues outside China. Haikui's processing facilities are
located on Dongshan Island in Fujian Province and currently have an
aggregate annual processing capacity of around 28,500 tonnes.
To date 32 Chinese companies are listed on the Frankfurt Stock Exchange:
Prime Standard 10, General Standard 1, Entry Standard 6, Open Market
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