Initial Public Offering
The shares of the FAST Casualwear AG, started trading at a price of EUR 5.00 on the Prime Standard of the Frankfurt Stock Exchange on 9 July 2012. In the context of the IPO the company placed a total of 1,065,020 shares, including 65,020 Greenshoe shares. After the successfully completed IPO, the gross proceeds to the company amount to EUR 5 million and the free float amounts to 18.4%.
“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.”
Wing Chi Chong, CEO of FAST Casualwear AG