Scout24 AG admitted to SDAX
- SDAX listing to start on December 21, 2015
- Decision underlines attractiveness of share
- Management Board aims for rapid MDAX membership
Berlin / Munich, December 4, 2015 – Only shortly after its successful IPO in October, Scout24 AG, leading operator of digital marketplaces specializing in the real estate and automotive sectors in Germany and other selected European countries, will be admitted to the SDAX as of December 21, 2015. This decision was announced by the Working Committee for Equity Indices at Deutsche Börse AG, Frankfurt / Main, after yesterday’s regular review of the small-cap index.
“Only two months have passed since we successfully realized our IPO, and that despite a difficult market climate. Since then, our shares have performed stably. We are delighted by this rapid admission to the SDAX, which is certain to significantly boost the attractiveness of our shares. Our objective now is to be admitted to the MDAX, if possible in 2016 already. With our fast-growing, highly profitable business model, we have everything it takes to build a sustainable success story”, comments Christian Gisy, CFO of Scout24 AG, with regard to the company’s long-term objectives.
The Deutsche Börse blue-chip indices, namely the DAX, MDAX, SDAX and TecDAX, comprise 160 stocks in total, of which 50 in the SDAX. The most important selection criteria are free float market capitalization and stock market trading volumes. With a free float of 31.7 percent and free float market capitalization of Euro 1.0 billion (as of November 30), Scout24 AG will be one of the largest stocks in the SDAX in future. The share will therefore be correspondingly weighted in the various index funds.
Scout24 operates leading digital classifieds platforms in Germany and other selected European countries. The main operations under the umbrella brand Scout24 are the digital marketplaces ImmobilienScout24 and AutoScout24. ImmobilienScout24 is the leading digital real estate classifieds platform in Germany, based on consumer traffic and time spent as well as customer numbers and listings. AutoScout24 is a leading automotive digital classifieds platform in Europe, in terms of unique monthly visitors and listings. Scout24’s digital marketplaces are empowering people to realise their property and car-owning dreams simply, efficiently and stress-free. Further information is available at www.scout24.com
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