Tognum now listed in MDAX stock index
Posted on September 06, 2007
Friedrichshafen, Germany – Tognum AG has fulfilled the criteria for being listed on the MDAX two months after the successful IPO. Last night, the German Stock Exchange decided to admit the company into this second-most-important German stock index.
- Criteria for MDAX listing met after only two months
- Market value of Tognum among the 30 highest in MDAX
Tognum AG has fulfilled the criteria for being listed on the MDAX two months after the successful IPO. Last night, the German Stock Exchange decided to admit the company into this second-most-important German stock index.
Tognum CEO Volker Heuer: “We have thus achieved another strategic IPO goal within a short period of time: The listing in the MDAX will help both our stock and our company to attract attention worldwide even more effectively than before.” As early as July 2nd, the date of the IPO, the company had set the target of being listed on the MDAX stock index. Many investment company managers and private investors, most of them abroad, primarily buy German stocks of companies which are represented in a noted stock index.
From September 24, 2007, the Tognum AG stock price will participate in determining the MDAX value for the first time. Due to the free float of currently almost 64% of the more than 131 million stocks emitted, Tognum AG will then hold a healthy mid-field position among the 50 MDAX companies.