{"id":2031,"date":"2017-12-19T12:05:35","date_gmt":"2017-12-19T12:05:35","guid":{"rendered":"https:\/\/blog.normagroup.com\/?p=2031\/"},"modified":"2018-04-17T14:36:32","modified_gmt":"2018-04-17T14:36:32","slug":"stock-exchange-index","status":"publish","type":"post","link":"https:\/\/blog.normagroup.com\/en\/stock-exchange-index\/","title":{"rendered":"The Rise at the Stock Exchange"},"content":{"rendered":"

Shortly after 9 in the morning on April 8, 2011, Chairman of the Management Board Werner Deggim rang the opening bell at the Frankfurt Stock Exchange. Together with his fellow board members Bernd Kleinhens and John Stephenson, he symbolically\u00a0announced the start of trading for the NORMA Group share.<\/p>\n

The IPO, or Initial Public Offering<\/a>, was a success. But what impact does being \u201clisted\u201d actually have on a company?<\/p>\n

One of the key benefits is that NORMA Group has the ability to raise capital from stock market investors, which it can then use to invest in further growth, such as acquisitions.<\/p>\n

NORMA Group\u2019s total of around 31.86 million no-par value shares are currently 100 percent in free float<\/a>. This means that the shares can be bought and sold on the stock exchange at any time.<\/p>\n

From SDAX to MDAX<\/h2>\n

Around 95 percent of NORMA Group shares are currently held by institutional investors such as banks or investment funds. Many of these investors are based in the UK, US, Germany, France and Scandinavia. Around 2.5 percent of NORMA Group shares are currently held by private shareholders (as of June 30, 2017).<\/p>\n

Listed companies are also subject to many legal regulations, however, partly determined by European legislation and partly by German law.<\/p>\n

Stock exchange listing of NORMA Group<\/h2>\n

Date of IPO (Initial Public Offering): April 8, 2011<\/p>\n

Number of shares: 31,862,400<\/p>\n

Shareholder structure<\/h2>\n

About 95% of NORMA Group shares are held by institutional investors.<\/p>\n

Management and Supervisory Board hold 2.3% of the shares.<\/p>\n

Another 2.5% are owned by private shareholders.<\/p>\n

(As of June 30, 2017)<\/p>\n

Share price development<\/h2>\n

IPO: over-the-counter issue price of EUR 21 set by NORMA Group, first issue price<\/a> on the first trading day of EUR 21.50<\/p>\n

Historical high: EUR 63.79 on 11\/01\/2017 (as of December 12, 2017)<\/p>\n

Historical low: EUR 11.51 on 10\/4\/2011 (as of December 12, 2017)<\/p>\n

\t\t\t\t\n\n<\/svg>
\n<\/a>
\n\t\t\t\t\n\n<\/svg>
\n<\/a><\/p>\n

NORMA Group\u2019s listing in the \u201cPrime Standard<\/a>\u201d is also the segment with the highest transparency standards in the Frankfurt Stock Exchange.<\/p>\n

The Prime Standard requires member companies to report quarterly on their business, financial, asset and earnings performances, to publish this all in German and English, to apply international accounting standards and to have at least one analyst conference per year, among other requirements.<\/p>\n

These information sources let investors better understand NORMA Group, aiding possible investment decisions. Listing also brings about certain other requirements and obligations for a company.<\/p>\n

\t\t\t\t\"Werner
\n\t\tWerner Deggim presents the annual results at the 2016 Analyst Conference.<\/p>\n

Listing in the Prime Standard enabled NORMA Group to move up into the SDAX<\/a> stock index and later into the MDAX<\/a>. Membership in the Prime Standard is a prerequisite to joining these indices. Joining works as follows: Deutsche B\u00f6rse regularly looks at all listed German companies for two decisive criteria:<\/strong><\/p>\n

1.) Average trading volume<\/a>.<\/strong> This is the value of shares traded on the stock market over a certain period of time, and is a measure of a share\u2019s liquidity. Share liquidity is particularly important to investors because they want to be able to buy or sell shares at any time.<\/p>\n

2.) Market capitalization<\/a> of free float.<\/strong> This is the number of all company shares in free float multiplied by the current share price and results in the company\u2019s market value. NORMA Group\u2019s is currently around EUR 1.7 billion.<\/p>\n

Transparent Information for Investors<\/h2>\n

A company\u2019s future prospects are most decisive for an investment decision \u2013 along with the fact that it keeps its promises. This is the only way NORMA Group can establish lasting trust among its investors.<\/p>\n

The 30 largest German listed companies by market capitalization and trading volume form the German stock index DAX<\/a>. The 50 next larger companies form the mid-cap DAX, or MDAX. And the next 50 largest companies form the small-cap DAX, or SDAX.<\/p>\n

\t\t\t\t\"Share
\n\t\tShare Price and Volume Graph for NORMA Group SE (Xetra) (blue) from April 8, 2011 to December 12, 2017, compared to the mid-cap index MDAX (grey).<\/p>\n

NORMA Group joined the SDAX in June 2011 and has been part of the MDAX since March 2013. Membership in these indices makes a stock more interesting to analysts and investors.<\/p>\n

Since a Prime Standard listing is needed for inclusion in one of these indices, investors can trust that the highly transparent information they need to make their investment decisions is available.<\/p>\n

Glossary of stock market terms<\/h2>\n

The London Stock Exchange<\/a> or the\u00a0Nasdaq glossary<\/a>\u00a0explain many stock market terms in more detail.<\/p>\n

Membership of an index has another advantage: there are certain equity funds that map indices such as the MDAX and buy the shares of listed companies. This in turn increases the demand for shares, often leading to higher trading volumes, higher share prices and higher market capitalization. This is yet another benefit of being listed in an index: a positive snowball effect.<\/p>\n

NORMA Group\u2019s shares are attractive to many investors \u2013 not only because they are listed in the MDAX, but also because of the company\u2019s long-term history of growth and profitable margins. This gives NORMA Group strong prospects for the future \u2013 on the stock exchange and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why do companies decide to become listed on the stock exchange? And how do listed German companies enter the mid-cap share index MDAX? Vanessa Wiese, Senior Manager Investor Relations, has the answers.<\/p>\n","protected":false},"author":18,"featured_media":2075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[122,128,74],"class_list":["post-2031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-expertise","tag-investor-relations","tag-shareholders-investors"],"acf":[],"yoast_head":"\nThe Rise at the Stock Exchange - NORMA Group Blog<\/title>\n<meta name=\"description\" content=\"Why do companies become listed at the stock exchange? How are German companies included in the MDAX? 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