RENK Group AG new in the Prime Standard of the Frankfurt Stock Exchange
RENK Group AG new in the Prime Standard of the Frankfurt Stock Exchange
As from today, RENK Group AG (ISIN: DE000RENK730) is listed in the Prime Standard on the Frankfurt Stock Exchange. The shares had an initial listing price of €17.50. The current share price is available via Börse Frankfurt.
The IPO was accompanied by Citigroup, Deutsche Bank, Goldman Sachs and J.P. Morgan as Joint Global Coordinators. Commerzbank, Landesbank Baden-Württemberg and Unicredit acted as Joint Bookrunners. Crédit Agricole CIB, Mizuho and SEB were involved as co-lead managers. Citigroup acts as designated sponsor, specialist on the trading venue Börse Frankfurt is Baader Bank.
According to its own information, RENK Group AG, headquartered in Augsburg, is a globally leading manufacturer of drive solutions across civil and military end markets. The product portfolio includes gear units, transmissions, power-packs, hybrid propulsion systems, suspension systems, slide bearings, couplings & clutches and test systems. In the financial year 2022, RENK Group AG generated revenues of €849 million.