FAQ

The main reason for a going public is of course to raise equity capital. An attractive side-effect is also the high degree of interest by the media and the increased confidence of customers and business partners.

The advantages:

• A stronger equity capital base strengthens your position vis-à-vis providers of external capital.
• Higher recognition in Austria and abroad.
• Fresh equity capital can be used to finance rapid growth.
• The initial public offering enhances your company’s image.
• Flexible equity capital policy by issuing stocks under employee and management stock option plans.
  

You will find all the information you need on our website under Admission and listing criteria on Wiener Börse.
We would also very happy to meet with you personally. Just call us at +43 1 531 65 - 269  (Barbara Dorfmeister).

Companies seeking a listing on the Official Market of Wiener Börse AG must have existed at least three years prior to the application. For companies seeking a listing on the Second Regulated Market of Wiener Börse, the minimum period of existence is one year.
For details go to: Admission and listing criteria on Wiener Börse.

The prime market contains stocks admitted to the Official Market or the Second Regulated Market that also meet special additional criteria. The additional requirements for companies listed on the prime market concern, among other things, sufficient amount of free float, market making by a specialist and accounting according to IAS or US-GAAP.
Here you will find detailed information on the prime market.

The question of the ideal minimum volume of sales is analyzed individually for each company. If your company has an annual sales volume prior to the IPO of about EUR 50 million (indicatory value, depending on the relevant sector) and excellent growth prospects, taking the company public is a reasonable consideration.

• A listing on Wiener Börse brings the company closer to investors and analysts, and creates confidence through the personal contacts with the management.
• Your company has higher chances of being included in leading indices.
• A listing on the home market is a sign of quality for international institutional investors.
• A higher degree of recognition in Austria usually also leads to a stronger presence in the media.
  

You should expect it to take between six to twelve months. Finally, the length of the pre-IPO phase depends on how ready the company is to go public and on the goals of the owners and management.

The financial expense for an initial public offering is made up of the costs of transforming the company into a stock corporation, the capital increase and external consulting costs (lawyers, PR agencies). The largest expense though is the commission charged by the issuing bank for the placement of the shares. Generally, the total costs of a listing may be stated at around 5% to 10% of the issuing volume. The costs for the admission to listing of Wiener Börse are only a fraction of the total costs. Details on the costs for the admission to listing are given in the Schedule of Fees of Wiener Börse AG, which can be downloaded as a pdf file.

• Schedule of fees of Wiener Börse (PDF-File 343 KB)