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.