First trading day scheduled for 14 November / Deutsche Börse’s DirectPlace function supports subscription process
The share subscription for the IPO of DFV Deutsche Familienversicherung AG (ISIN: DE000A2NBVD5) on the Frankfurt Stock Exchange started today and is expected to last until November 9. The company’s first trading day in the Prime Standard is scheduled for 14 November. The price range for the offered shares has been set at 17.00 to 23.00 euros per share. The IPO is accompanied by Hauck & Aufhäuser Privatbankiers.
Founded in 2006, DFV Deutsche Familienversicherung AG is an insurtech with a scalable, in-house programmed digital IT platform that specializes in the distribution and portfolio management of supplementary health and non-life insurance policies. The proceeds from the IPO will be used primarily for investments in further growth, market entry into other European countries and new products. The Frankfurt-based company has over 420,000 active policies in its portfolio.
At launch of the share subscription DirectPlace will get involved. Deutsche Börse’s subscription function intends to enable companies to tap into additional investor groups, such as family offices, asset managers and retail investors, prior to their IPO. This gives private investors the opportunity to place buy orders at the Börse Frankfurt venue through their custodian bank during the subscription period.