Share Article
Cologne | Frankfurt, February 29, 2024 – Lübke Kelber AG went public by way of a cold IPO at the end of 2023. Cold IPOs have the advantage over traditional IPOs that they are significantly cheaper and less complicated to implement. Although no fresh capital is usually raised, this gives the company the opportunity to use the stock exchange as a financing channel in the future.
Lübke Kelber AG completed the IPO by transferring its operating business to the inactive listed Deutsche Geothermische Immobilien AG. The shares of the renamed Lübke Kelber AG are currently traded on the primary market of the Düsseldorf Stock Exchange and on the Open Market of the Frankfurt Stock Exchange (ISIN: DE000A35JR33, ticker symbol: SZ50).
The consultants of IR.on AG advised the management on the preparations for the IPO on the capital market. The most important tasks included the conception and formulation of the equity story, the accompanying financial press work, the preparation for the subsequent obligations as a listed stock corporation and the conception of the investor relations website.
Despite the difficult industry environment, the real estate specialist has continued to expand in recent years and has built up a platform for international investors in the areas of asset and investment management in addition to transaction consulting. The capital market presence increases the company's financial flexibility to implement its ambitious growth strategy. For the management, the IPO is therefore the right step at the right time to open a new chapter for the long-established Lübke Kelber Group.
For more information, we invite you to visit the company's website.
