(PRESS RELEASE) FRANKFURT, 25-May-2020 — /EuropaWire/ — Deutsche Börse Group has announced that the Germany based analytics database management software company Exasol AG (ISIN: DE000A0LR9G9) has become the the first IPO for the year on the Frankfurt Stock Exchange. The database company has just been listed in the Scale segment of the Frankfurt Stock Exchange today as its shares started trading at 14.00 Euro after an issue price of 9.50 Euro.
The listing was accompanied by Hauck & Aufhäuser Privatbankiers AG, which also acts as designated sponsor on Xetra. Wolfgang Steubing AG is the specialist on the Frankfurt Stock Exchange.
According to EXASOL, it supports companies in implementing long-term data strategies via an in-memory analytics database. The target of the IPO is to push the growth strategy ahead, among other things by expanding the international presence and product optimisation.
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SOURCE: Deutsche Börse Group