Deutsche Börse has announced that DWS Group GmbH & Co. KGaA (ISIN: DE000DWS1007) was listed in the Prime Standard of the Frankfurt Stock Exchange today. Its shares opened trading at €32.55 following an issue price of €32.50.
Lead managers included Deutsche Bank and Citigroup Global Markets, with Deutsche Bank and Kepler Cheuvreux acting as designated sponsors for Xetra trading. Baader Bank is serving as the specialist on Börse Frankfurt venue.
According to company information, DWS Group GmbH & Co. KGaA is one of the world’s leading investment management organisations with around €700 billion in assets under management. DWS is located in Frankfurt am Main and comprised in the group structure thus far Deutsche Bank AG’s asset management division. It employs 3,800 people, including about 900 investment experts, advising clients in 22 countries around the globe.
Retail and institutional investors in Europe, the USA and Asia can choose from a product range totalling around 600 different funds. These are split into Active (€513 billion), Passive (€115 billion) and Alternatives (€71 billion) Capabilities.