The NAGA Group AG

  • WKN: A161NR
  • ISIN: DE000A161NR7
  • Land: Deutschland

Nachricht vom 10.07.2017 | 10:56

The NAGA Group AG: Successful IPO of the Hamburg-based FinTech company on the stock market

DGAP-News: The NAGA Group AG / Key word(s): IPO

10.07.2017 / 10:56
The issuer is solely responsible for the content of this announcement.


THE NAGA GROUP AG: Successful IPO of the Hamburg-based FinTech company on the stock market

- Stock included in the "Scale" segment of Deutsche Börse AG

- Buying price at 3.60 EUR (issue price: 2.60 EUR)

_______________________________________________________

Hamburg, 10th July 2017

The Naga Group AG, a company specialising in disruptive trading technologies in the financial sector, has today launched a successful stock exchange debut on the open market (free market) of Deutsche Börse AG. The shares (WKN A161NR, ISIN DE000A161NR7) were included in the "Scale" trading segment. The first price was set at EUR 3.60, an increase of 36% on the offer price of the multiple IPO of 2.60 EUR.

In total, 1,000,000 new registered bearer shares of The NAGA Group AG were offered to private and institutional investors in Germany, Austria, Spain and Switzerland. Subscriptions were made through the DirectPlace drawing tool at the Frankfurt Stock Exchange, and via the NAGA-owned trading app, SwipeStox, and the company's homepage. The issuer's share capital increased to EUR 21,008,048.00 as a result of the successful placement of the new shares.

Benjamin Bilski, CTO The Naga Group AG: "Less than two years after the founding of the company, the move to the stock market has already taken place. At the end of the first quarter, we successfully completed capital measures and the gross proceeds from this IPO are well financed with a view to our corporate planning. In the IPO, in particular, we see an excellent opportunity to increase our brand recognition and the targeted development of the Naga share as the company's second currency for external growth."

______________________________

THE NAGA GROUP AG:

The THE NAGA GROUP was founded in August 2015 by Benjamin Bilski, Yasin Sebastian Qureshi and Christoph Brück. The company's aim is to drive the development, marketing and growth of disruptive applications for financial technology, and to actively participate in the process of changing and opening up the existing financial system. The word "NAGA" is Sanskrit and means "Cobra snake". It is also the name of one of the world's hottest chillies.

______________________________

Contact:
The NAGA Group AG
Alexander Braune
Herrengraben 31
20459 Hamburg
Email: press@thenagagroup.com

UBJ. GmbH
Ingo Janssen
Haus der Wirtschaft
Kapstadtring 10, 22297 Hamburg
Phone.: 040 6378 5410
Email: ir@ubj.de

 



10.07.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC-Fokusbox

UniDevice AG: Rekord-Ergebnis in 2018

Nach starkem Schlussspurt hat die UniDevice AG in 2018 Umsatz und Ergebnis deutlich gesteigert. Der B2B-Broker für hochpreisige Smartphones sollte auch künftig eine hohe Nachfrage verzeichnen und von der Ausnutzung unterschiedlicher Preisniveaus in den verschiedenen Ländern profitieren. Der Umsatz soll 2019 auf mindestens 380 Mio. € und in 2020 auf mindestens 410 Mio. € ansteigen, nachdem 2018 317 Mio. € erreicht wurden. Bei einem ermittelten Kursziel in Höhe von 2,35 € lautet das Rating KAUFEN.

News im Fokus

Fresenius Medical Care veröffentlicht Form 20-F für das Geschäftsjahr 2018

21. Februar 2019, 11:51

Aktueller Webcast

Ströer SE & Co. KGaA

Vorläufige Geschäftszahlen 2018

26. Februar 2019

Aktuelle Research-Studie

Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index

20. Februar 2019