Scale
Scale is a private-law stock exchange segment of the Frankfurt Stock Exchange within the legally defined open market . After the failed Neuer Markt , it is a renewed attempt to establish a market segment for growth stocks in Frankfurt . The focus of Scale should be on the growth financing of small and medium-sized companies . The name "Scale" emerged from a public competition with 550 name suggestions. All securities listed in the Scale are also included in the Basic Board segment .
The performance of all shares listed in the Scale is represented by the Scale All Share index . Like the DAX , MDAX and TecDAX indices , the Scale All Share is also available as a price index (ISIN DE000A2BLGX8 ) and - adjusted for dividend payments - as a performance index (ISIN DE000A2BLGY6 ). The 30 most liquid shares of the Scale are shown in the Scale 30 index (price index DE000A2J0PW5 , performance index DE000A2GYJT2 ).
history
The new stock exchange segment replaced the Entry Standard founded in 2005 on March 1, 2017 . It initially comprised 38 of the 143 stocks previously listed in the Entry Standard as well as 9 bonds. The rest were initially transferred to the Basic Board catchment segment, also a sub-segment of the open market. You can stay there or switch to one of the other segments at the request of the issuer.
On March 13, 2017, Deutsche Börse launched the Scale All Share Index. It was calculated retrospectively to March 1st, starting with a score of 1000. On February 7th, 2018 the Scale 30 index was added.
The first IPO in Scale was the new issue of the chemical company IBU-tec advanced materials AG on March 30, 2017. At the end of 2017 the index comprised 48 stocks.
Inclusion requirements and follow-up obligations
For listing in the Scale segment, higher admission and follow-up obligations apply than in the Entry Standard. This is to prevent another series of scandals from dubious IPOs such as in the Neuer Markt and the Entry Standard. Among other things, the companies must have existed for at least two years and meet at least three of the following four criteria:
- at least € 10 million in sales
- positive net income
- positive equity
- at least 20 employees
The costs for admission and listing in the Scale are many times higher than in the Entry Standard.
composition
On August 2, 2018, the scale segment consisted of the following companies:
| Companies | Branch | logo |
|---|---|---|
| 2G Energy | Power plant technology |
 |
| artec technologies | software | |
| Beta Systems | software |
 |
| Blue cap | Holdings |
 |
| Cliq Digital | Cellular services | |
| Consus Real Estate | property | |
| cyan | software | |
| Daldrup & Sons | Drilling service provider | |
| Datagroup | IT service provider |
 |
| Datron | Machine tools | |
| Delignite | Timber industry | |
| German property auctions | property |
 |
| German raw material | Mining |
 |
| Discus works | Machine tools | |
| Noble | Media and events |
 |
| EQS Group | software |
 |
| Ernst Russ | Finances | |
| FinLab | Holdings | |
| FinTech Group | Financial technology |
 |
| Formycon | biotechnology | |
| German Startups Group | Holdings | |
| Heliad Equity Partners | Holdings | |
| Helma home construction | Solid house construction |
 |
| IBU-tec | Powder materials | |
| JDC Group | Financial distribution | |
| Lloyd Fund | Finances |
 |
| MagForce | Medical technology |
 |
| MAX21 | Holdings | |
| Man and machine | software |
 |
| mic | Holdings | |
| MPC Capital | Finances |
 |
| Mutares | Holdings |
 |
| mVISE | Consulting, software | |
| MyBucks | Finances | |
| Mynaric | Communications supplier | |
| Nabaltec | chemistry |
 |
| Naga Group | Financial technology | |
| Nanogate | Coatings | |
| Noratis | property | |
| Nuremberg Insurance | Insurance | |
| Nynomic | measuring technology | |
| Ökoworld | Fund company | |
| Pantaflix | Streaming platform | |
| Publity | Finances | |
| RCM Beteiligungs AG | Holdings | |
| Scherzer & Co | Holdings | |
| Stemmer imaging | Image processing technology | |
| Tonkens Agricultural | Agrarian | |
| Vectron Systems | POS systems |
 |
| Williams Grand Prix Holdings | Racing |
 |
Web links
- Scale for stocks on www.boerse-frankfurt.de
- Scale for bonds on www.boerse-frankfurt.de
- Circular from Deutsche Börse AG on the reorganization of the Open Market, December 13, 2016
Individual evidence
- ↑ Deutsche Börse starts new segment for small companies , Handelsblatt, February 9, 2017, accessed on February 28, 2017.
- ↑ New SME segment will be called Scale , press release from Deutsche Börse, February 9, 2017, accessed on February 28, 2017.
- ↑ General Terms and Conditions of Deutsche Börse AG for the Regulated Unofficial Market at the Frankfurt Stock Exchange ( Memento of the original of July 7, 2017 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , Deutsche Börse, April 21, 2017. Page 10, Section V, Section 16 Paragraph 1.
- ↑ a b c Scale | Deutsche Börse expands indices to include Scale All Share Index , Nebenwerte Magazin, March 13, 2017.
- ↑ New SME segment Scale started ( Memento of the original from May 27, 2017 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , Press release of Deutsche Börse, March 1, 2017. List of 31 stocks and 9 bonds in the appendix.
- ↑ List of Entry Standard participants ( memento of the original from March 1, 2017 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. , dax-indices.com, February 28, 2017 (Excel table).
- ↑ a b c Scale should become the better "New Market" , FAZ.net, March 2, 2017, accessed on March 7, 2017.
- ↑ Börse specifies the rules for the new SME segment , Finance Magazin, December 14, 2016.
- ^ Basic Board , Deutsche Börse Cash Markets, accessed on March 8, 2017.
- ↑ Deutsche Börse launches Scale 30 Index Press release from Deutsche Börse, February 8, 2018, accessed on February 11, 2018.
- ↑ Ibu-Tec IPO fairly successful , FAZ.net, March 30, 2016.
- ↑ All Scale shares (48) , Frankfurt Stock Exchange, February 11, 2018, archived on February 11, 2018. There were no changes in the previous months, see also index composition on November 5, 2017.
- ↑ Scale is the new Neue Markt , boerse.ard.de, February 9, 2017, accessed on February 28, 2017.
- ^ Deutsche Börse AG: Companies listed in Prime Standard, General Standard and Scale
