In Frankfurt, the candidates Exchange jostling at the gate

Within two weeks, four groups with a forklift manufacturer and publisher of Dan Brown expressed their intention to enter the Frankfurt Stock Exchange this year, illustrating the renewed appetite for stock IPOs in Germany. Over the year, between 11 and 14 companies could take the plunge, prognostic Christoph Gruss, specialist IPO (IPO) in the consulting firm PricewaterhouseCoopers (PwC). Basically, "the weather is very good" and conducive to IPOs, he said. The star Dax index, which recorded a record high in early May, says the willingness of the market, that also reassures the low volatility. The German manufacturer of forklifts Kion, owner of Fenwick in France, opened the show in early June. To support its growth in the coming years, the group plans an IPO between late June and mid-July. In the medium term, he hopes to be listed on the MDAX index averages. Kion consider lifting about one billion euros, which would value the company, the world number two, about 3 billion in market value, according to a financial source told AFP. Two days later, his compatriot Springer Science + Business Media, the second largest publisher of scientific magazines, said he wanted to enter the Frankfurt prosecutor before the summer break, via an issue of new shares in the amount of approximately € 760 million. The German real estate group Deutsche Annington, which this year plans to raise 400 million euros by selling about 25% of its capital, and the German publisher Bastei Lubbe, publisher of Dan Brown and Ken Follett, who plans to enter the Frankfurt market in October, came this week joined the ranks of contenders for an IPO. Since the beginning of the year, several IPOs have paved the way. The LEG Immobilien, a German real estate group which debuted in February, raising more than $ 1.3 billion, is the largest operation of its kind in Germany since Telefonica Deutschland Holding (O2) in 2012. This also smaller, Evonik, big name in German chemistry. Having broken teeth several times a depressed IPO market, it has managed to raise € 345 million end of April on the Luxembourg Stock Exchange and Frankfurt. "After the successful introduction of Evonik, others try their luck" analysis strategist Heino Ruland actions, Ruland Research, for whom "there is always a first company that shows where the market is." Overall, "the number of IPOs is expected to remain similar to 2012, but in terms of volumes issued in 2013 will be very successful," predicts Mr. Gruss PwC. "The market has yet to show that it is ready to raise funds such as those to come," cautions Mr. Ruland in which the four new candidates, "Kion is definitely the best." This group will be after him one of the most watched, with Springer and Osram. The lighting specialist should go public on July 8 via a (spin-off) separation from its parent company Siemens, which add value to 2.6 billion euros to 80.5% on the market. Recently, the Dax dropped down from its highs, making even a brief foray under 8000 points. But that does not unduly concerned specialists. "We will observe a relatively stable Dax in the coming months," ensures Christoph Gruss.