Eighth Chinese IPO in the Prime Standard: Youbisheng Green Paper AG

Youbisheng Green Paper AG (ISIN: DE000A1KRLR0) joined the Prime Standard of the Frankfurt Stock Exchange on 13 July. The IPO comprised 217,705 new shares at an issue price of €6.50. The initial listing price was €6.60.

From left: Clement Hoo (CFO), Gernot F.W. Kugler (Chairman of the Board), Haiming Huang (CEO) (Photo: Business Wire)

The consortium leader is biw Bank für Investments und Wertpapiere AG. BankM is lead manager and bookrunner. Wolfgang Steubing AG is acting as specialist.

“With Youbisheng Green Paper we welcome the eighth Chinese company to Frankfurt Stock Exchange's Prime Standard,” said Alexander H�ptner, Head of Markets Services at Deutsche B�rse. “Youbisheng has voluntarily chosen the legal form of a German stock corporation (AG), like the other Chinese companies in the Prime Standard. These companies have thereby committed themselves to compliance with the strict German corporate governance regulations.”

“Our IPO in Frankfurt is a very important step in the long term strategic development of Youbisheng and enables us to finance the growth of the company,” said CEO Haiming Huang. “We are very happy to be listed successfully in Germany which is well known for its high quality products and its environmental policy and understands Youbisheng’s equity story.”

Youbisheng has produced linerboard for the Chinese market since the year 2000. The linerboard is used in the manufacture of paper-based packaging. According to information from the company, Youbisheng produced approximately 150,000 metric tons of linerboard in the last financial year, making it one of the largest linerboard producers in the Guangdong and Fujian provinces.

To date, 35 Chinese companies have made an initial public offering in Frankfurt, eight of them in the Prime Standard, one in the General Standard, seven in the Entry Standard and 19 in the Open Market (First Quotation Board).

New entrants to the Frankfurt Stock Exchange in 2011 per segment: Prime Standard 10, General Standard 7, Entry Standard 10, Open Market 115.

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