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.