HELLA Moves Up Into MDAX
07 September 2015
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Inclusion of the listed family-owned company on 21 September 2015 Lippstadt, 04 September 2015. Deutsche Börse AG announced yesterday that HELLA KGaA Hueck & Co. will be included in the MDAX stock index. From 21 September 2015, the shares of HELLA, a globally leading automotive supplier, will be listed in the MDAX. “The shareholders had already targeted the MDAX inclusion at the time of the IPO,” says Dr Jürgen Behrend, Managing Partner of HELLA KGaA Hueck & Co. “We are excited that this step is now imminent only a few months after our initial listing.” |
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Dynamic share price development post IPO
The HELLA shares have been trading in the Prime Standard of the regulated market of the Frankfurt stock exchange since the successful IPO on 11 November 2014. The family shareholders had originally floated about 15% of the shares in the company via two private placements. The stock started trading at EUR 27.50. Its inclusion in the SDAX followed as early as January 2015. At the end of the lock-up period for existing shareholders, the family shareholders placed additional shares in May 2015 bringing free float to about 28% as a result.