Lotto 24 AG (ISIN: DE000LTT0243) joined the Prime Standard of the Frankfurt Stock Exchange on 3 July. In the admission with prospectus, the placement volume in shares totalled 5,988,816. The issue price was €2.50 and the initial listing price €3.00.
The consortium bank is Berenberg Bank, specialist is Scheich & Partner, and the designated sponsor is Close Brothers Seydler.
“We welcome Lotto 24 AG as the second company to join the Prime Standard this year,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse.
“In listing on the Prime Standard, the company has decided in favour of the highest transparency requirements and also benefits from higher attention in this segment.”
According to the company's own sources, Lotto24 AG aims to become the leading online broker of lottery products in the entire territory of the Federal Republic of Germany. As a spin-off, Lotto24 benefits from Tipp24 SE's 12 years of marketing and technology experience. Thanks to the management's many years of experience, Lotto24 is very well positioned. The company believes that these competitive strengths will contribute to its establishment in the market brokering online lottery products and to company growth.
2012 has thus far seen two new entrants to the Prime Standard and 12 to the Entry Standard.