As of: February 13, 2024, 4:08 p.m
By: Andreas Jäger
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The arms company Renk started with other companies soon to follow: this year, some prominent companies are venturing onto the stock exchange.
Munich – Stepping onto the stock market: This is a special moment for every company.
Some companies will experience it again this year.
The Augsburg arms company Renk recently started.
And it got off to an impressive start: while the share price initially stood at 17.50 euros, it climbed well over 18 euros over the course of the first day of trading.
On Monday, Renk shares even broke the 20 euro mark on the stock exchange.
Douglas wants to know again
The perfume and cosmetics chain Douglas
would certainly like to have a similarly strong start
.
The company is not a real newcomer to the stock market, but rather a returnee.
Douglas was already listed on the stock exchange, but left the stock market in 2013 after it was taken over by a financial investor.
According to the Reuters news agency, the stock market comeback is expected to take place by the end of March.
Douglas can definitely present decent figures from the 2022/23 financial year, which ended in September: the chain store was able to record sales growth of over twelve percent, and profits were around 16.7 million euros.
Newcomers to the stock market include Douglas and Shein.
© Frank Rumpenhorst/dpa
Flix jumps on the stock market bandwagon
Founded in 2012, the mobility service provider
Flix
has been a success story.
Within just a few years, the company says it has created Europe's largest long-distance bus network.
Today Flixbus is considered the market leader in many regions.
In 2018, Flixtrain launched a continuously growing train offering.
According to Handelsblatt,
the company's sales rose
by 185 percent to a good 1.5 billion euros in the last financial year.
This meant that Flix managed to get out of the loss zone.
Shein: Rapid rise with “fast fashion”
Retailers such as H&M and Primark have long been among the market leaders in the “fast fashion” sector - the most important thing is that the collections are designed quickly and in line with trends and are then produced and sold as cheaply as possible.
For several years now, a Chinese company has also been playing at the top:
Shein
.
The business model: The Chinese come with almost unbeatable prices; you can often get a sweater for less than ten euros.
Shein has been criticized for some time for poor working conditions and extremely low pay for its employees.
The EU is currently planning draft laws to ban the “fast fashion” business model.
But Shein apparently isn't intimidated by this and, according to information from the
Wall Street Journal,
is planning his IPO for this year.
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Return on investment with Reddit?
The Internet forum
also apparently wants to venture onto the trading floor this year.
The number of users has increased continuously in recent years; today more than 50 million people are active on Reddit every day.
The platform can be financed through advertising and premium memberships.
As the Reuters news agency reports, the company has been planning to go public for three years.
It should finally happen in March.