(Vienna) Today was the first day of listing of the stocks of Austria Metall AG (AMAG) on the prime market of the Vienna Stock Exchange. This new listing raises the number of stocks traded on the premium segment of the Vienna Stock Exchange to 39. The initial listing price was EUR 17.00 and AMAG’s market capitalization based on this price is EUR 599.49million. AMAG is one of the largest public offerings on the Vienna Stock Exchange with respect to the issuing volume.
“I am very pleased to welcome AMAG to the Vienna Stock Exchange and am sure that AMAG has broken the ice and more IPOs will follow,” said an optimistic Heinrich Schaller, member of the management board of the Vienna Stock Exchange and of the CEE Stock Exchange Group. AMAG is the first IPO since October 2007. In the opinion of the management board of the Vienna Stock Exchange, this year – apart from ISOVOLTAIC AG whose initial listing is scheduled for 15 April 2011 – we will see more companies go public through the Vienna Stock Exchange – if market conditions are right.
About the Vienna Stock Exchange
The Vienna Stock Exchange is a 100% subsidiary of the CEE Stock Exchange Group (CEESEG) which also includes the stock exchanges of Budapest, Ljubljana and Prague. The CEE Stock Exchange Group is the largest stock exchange group in the region CEESEG simplifies access to markets and trading with the aim to increase liquidity on the local exchanges. The CEESEG stock exchanges cooperate with 12 stock exchanges in Central and Eastern Europe and are recognized throughout the world for this unique expertise.