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DE · EMEA · Prime Standard
Deutsche Börse — Frankfurt
Deutsche Börse · Frankfurt · EUR
Industrial and Mittelstand heartland; Prime Standard for full transparency.
Eligibility · Meridian Renewables (example)
Conditional
1 requirement(s) not yet met — see eligibility below.
Min market cap
$1.4M
admission floor
Min free float
25%
public hands
Est. all-in
6.4%
on $700M
Time to list
20–24w
from kickoff
Regulator
BaFin
oversight
Eligibility check
Market capitalisation
Requirement: ≥ $1.4M
$4.8B
Free float
Requirement: ≥ 25%
~15%
Operating history
Requirement: ≥ 3 yrs
11 yrs
Profit / revenue test
Requirement: No fixed profit test
Profitable
!
Governance standard
Requirement: German Corp Gov Code
Gaps
Accounting
Requirement: IFRS
IFRS
Rules as of 2026-Q2 · source: Frankfurt Börsenordnung (Prime Standard) (BaFin, DE). Compiled summary — validate against the primary source before filing.
Fees & cost
Est. all-in · $700M raise$45M 6.4%
Underwriting spread5.2% · $36M
Initial listing fee€0.3M
Annual fee€0.1M
Legal · audit · IR · other$8.2M
Total all-in$45M (6.4%)
Market quality & investors
Liquidity★★★★☆
Analyst coverage★★★★☆
Retail participation★★☆☆☆
Institutional depth★★★★☆
Index inclusion
DAXMDAX
Aftermarket: +9% avg first-day
Process & sectors
Typical time-to-list20–24w
RegulatorBaFin
Dual / secondary listingSupported
Min public shareholders
Sector strength
IndustrialsAutoChemicalsTech
Notable listings: Siemens Energy, Porsche