The Chinese company Ming Le Sports AG (ISIN: DE000A1MBEG8) joined the
Prime Standard of the Frankfurt Stock Exchange (FWB) on 6 July. The IPO
comprised 503,790 shares (444,000 shares from a capital increase). The
issue price was €13.00 and the initial listing price €13.20. The issue
volume was €6.55 million.
Wolfgang Steubing AG is the lead manager, designated sponsor and
specialist.
"We welcome Ming Le Sports AG to the Prime Standard of the Frankfurt
Stock Exchange,” said Barbara Georg, Head of Listing & Issuer Services
at Deutsche Börse. "The Prime Standard represents the highest
transparency requirements, including quarterly financial reports and
regular analyst conferences. Prime Standard companies are thus
excellently positioned for international investors.”
Siliang Ding, CEO of Ming Le Sports said, "The price range was between
€8.00 and €16.00 per share. The company has achieved its goal to be
listed in the Prime Standard of the Frankfurt Stock Exchange – and this
at an attractive price level. The involved investors are convinced of
the value of their investment in the Ming Le Sports AG.”
According to the company's own information, Ming Le is a fast-growing
company for branded sportswear in China, with a target customer group of
16-35 year old men and women with an urban, dynamic and active
lifestyle. Its products include shoes, clothing, accessories and
equipment. Ming Le markets and sells its products via a network of 24
sales partners to over 3,300 retail units in China. As at 31 March 2012,
the company employed 1,293 people.
So far, 12 Chinese companies are listed in the Regulated Market of the
FWB: 11 in the Prime Standard and 1 in the General Standard. 8 Chinese
companies are listed in the Entry Standard.
