OREANDA-NEWS. Deutsche Börse Cash Market: Steilmann SE (ISIN: DE000A14KR50) has been listed in the Prime Standard of the Frankfurt Stock Exchange since 5 November. A total of 2.5 million shares were placed in the IPO. The total issue volume was approximately €8.8 million. The initial listing price was €3.60; the issue price €3.50.

The IPO was accompanied by Oddo Seydler Bank AG. They also act as designated sponsor on Xetra as well as the specialist on the Börse Frankfurt venue.

Steilmann SE Group is one of the largest apparel companies in Germany by revenue. The family-owned company headquartered in Bergkamen (North Rhine-Westphalia) covers the entire value chain of the clothing industry, controlling all key processes from design and manufacturing to sales in its stores and those of its customers, as well as e-commerce operations. The company operates in a growing segment of the industry, focusing on the growing Best-Ager segment (45 plus). The company’s total revenues, including those of Steilmann Fashion Group and Apanage Fashion Group acquired at the end of last year, amounted to approximately €896 million in 2014. In fiscal year 2014, Steilmann SE Group had over 8,300 employees worldwide.