Financing: Fraport, Compleo, EWE – FINANCE Magazin

The online platform for premium and luxury fashion accessories Fashionette prepares an IPO. The initial listing in Frankfurt should take place on October 29th. The offer consists of a total of 3.605 million shares, including 1.2 million shares from a capital increase, 1.5 million shares from existing shareholders Genui Fund, 500,000 shares as a top-up option and a further 405,000 shares as part of the over-allotment option. Fashionette announced that shortly after the start of the bookbuilding, the order volume already exceeded the total volume of the IPO. The price range was set at 30 to 38 euros, resulting in a market capitalization of 186 million euros to 236 million euros. In the middle of the price range, the company would generate net proceeds of around 38 million euros. Hauck & Aufhäuser is acting as sole global coordinator and sole bookrunner for the IPO.

The creditors of Condor have approved the restructuring plan and thus paved the way for the ongoing protective shield proceedings. The airline will exit the protective shield process at the end of November. Condor is taken over by the law firm during the renovation Noerr (Leadership: Thomas Hoffmann and Marlies Raschke) accompanied.

The property management service provider Velero real estate will not carry out its planned private placement and listing in Frankfurt. Due to the current market environment, the decision was made not to continue the plans until further notice. Velero wanted to raise between 500 and 550 million euros with a capital increase and subsequent listing on the stock exchange.

The real estate project developer Pandion has postponed the placement of its planned bond. The reason given by the management is the increasingly difficult capital market environment due to the coronavirus pandemic. Pandion wanted to issue a bond for 50 million euros with a term of five years and an interest coupon of 5.5 to 5.75 percent.

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