Luxembourg-based investor Corestate Capital announced on Wednesday that it has applied for admission of its shares to trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
The first day of trading is expected for 2 November 2017.
All 21.2 million company shares will be admitted to trading on the Frankfurt Stock Exchange via the regulated market with simultaneous admission to the sub-segment of the regulated market.
'The Prime Standard listing is an additional crucial step for our business development,' said Sascha Wilhelm, CEO of Corestate. 'The admission to trading on the regulated market will enhance the marketability of our share and increase its liquidity. The listing in selected stock indices as well as reaching additional investors will strengthen our growth strategy. In addition, the listing underscores our efforts to comply with the capital markets best practices.'
Corestate initially went public in October 2016, listing its shares on the non-regulated open market (Entry Standard and currently on the segment Scale) of the Frankfurt Stock Exchange. Corestate said this listing will be cancelled upon trading of the company's shares on the regulated market.
