Triplan chooses Smax over Neuer Markt for listing

Thirty year old German engineering provider Triplan announced plans today to float on the Smax index. NordLB will manage the issue, expected to culminate in a listing on March 29.

  • 23 Feb 2001
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The company is issuing shares to finance expansion outside its traditional base of German speaking countries. It is headquartered in Bad Soden, near Frankfurt, and has 300 employees, of whom 200 are in Germany and the rest are in Austria and Switzerland.

The management is keen to expand into northern Germany, however, where the company is not so active. "Benelux, Scandinavia and the UK may be the next step," said Uwe Vogel, a spokesman for the company. Triplan will also use the money to develop the internet as a channel for selling its software and services.

Six months ago, the company might have been expected to choose Frankfurt's high growth exchange, the Neuer Markt, to list. Since March last year, however, the exchange's index of leading companies, the Nemax 50, has been in decline and the Neuer Markt has become an increasingly unattractive place to float. On Friday last week, the Nemax 50 reached 1,959, its lowest level ever. "The developments on the Neuer Markt on the one hand, and on the other hand the fact that it will be a small issue, lead us to go to the Smax," said Vogel. "We are a combination between old economy and new economy." A banker close to the deal emphasised that the company is more than thirty years old, making it more suitable for the main exchange. "They have a relatively long history," he said.

Triplan specialises in the biotech, chemicals and pharmaceuticals sectors, but "is also looking at the automotive industry", according to the banker. The company will issue 2m shares. Bookbuilding is scheduled to run from March 19 to March 27.

  • 23 Feb 2001

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 253,106.92 930 8.89%
2 JPMorgan 230,914.50 1036 8.11%
3 Bank of America Merrill Lynch 221,389.46 762 7.78%
4 Goldman Sachs 171,499.26 554 6.03%
5 Barclays 169,046.60 646 5.94%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 HSBC 27,039.93 106 7.36%
2 Deutsche Bank 25,125.19 81 6.84%
3 Bank of America Merrill Lynch 23,128.33 61 6.29%
4 BNP Paribas 19,315.94 110 5.26%
5 Credit Agricole CIB 18,706.93 106 5.09%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 JPMorgan 13,488.13 59 8.47%
2 Citi 11,496.21 73 7.22%
3 UBS 11,302.86 45 7.09%
4 Morgan Stanley 10,864.95 59 6.82%
5 Goldman Sachs 10,434.21 54 6.55%