IPO FAST Casualwear AG: First share price of EUR 5.00

Gross proceeds amounting to EUR 5 million / Market capitalisation of around EUR 55 million

(lifePR) ( Cologne, )
The shares of the FAST Casualwear AG, a thriving manufacturer of casual footwear and apparel in China, today started trading at a price of EUR 5.00 on the Prime Standard of the Frankfurt Stock Exchange. Hence the issue price per share was set on the same level as the offering price of EUR 5.00.

In the context of the IPO the company placed a total of 1,065,020 shares, including 65,020 Greenshoe shares. Since commencement of trading the company's shares are being traded on the electronic trading system XETRA of Deutsche Börse AG.

Based on the first trading price the market capitalisation of FAST Casualwear amounts to approximately EUR 55 million. After the successfully completed IPO, the gross proceeds to the company amount to EUR 5 million and the free float amounts to 18.4%. Kepler Capital Markets S.A., Frankfurt acted as the Sole Lead Manager in the IPO of FAST Casualwear AG.

"We're convinced, that the successful listing on the Frankfurt Stock Exchange will have positive effects on our company's reputation and will also strengthen our brand building and competitive position in China. The proceeds from the IPO will also support our future growth", said Wing Chi Chong, CEO of FAST Casualwear AG.


This publication constitutes neither an offer to sell nor a solicitation to buy securities of FAST Casualwear AG. The shares have already been sold.

This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in FAST Casualwear AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America.

This document is directed at and/or for distribution in the U.K. only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as "relevant persons"). This document is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Any investment or investment activity to which this document relates is available only to relevant persons and will be engaged in only with relevant persons.
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