Sixt Leasing AG €239 million Initial Public Offering, Germany

7 May 2015

To find out more, Contact STJ Advisors

STJ Advisors acted as independent advisor to Sixt Leasing AG and its parent Sixt SE. The company is one of Germany’s leading vendor-neutral, non-bank full service leasing providers with a focus on car leasing and fleet management. The listing took place on the Frankfurt Stock Exchange, raising proceeds of €239 million for a market capitalisation of €412 million. On a day of very difficult market conditions, shares in Sixt Leasing ended the first day with a gain of 4% on below-average trading volume of less than c. 15% of shares placed. This first day performance reflected the high quality order book, with allocations heavily skewed towards long only accounts.

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