Article Bloomberg Law

IPOs in Germany: Post-IPO Considerations for Public Companies and Shareholders

Anna Schwander and Isabel Trojette have authored an article regarding the German capital market and its key legal differences compared to the United States.

Part 1 gave an overview of the German capital market and the prerequisites and process of an IPO in Germany, as well as key differences from U.S. IPOs. Part 2 focuses on the disclosure and transparency obligations of a company that is listed on the stock exchange, the role of shareholders of a publicly listed company, and public takeover considerations that might bring the public company back into private ownership.

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Reproduced with permission. Published January 2020. Copyright 2020 The Bureau of National Affairs, Inc. 800- 372-1033. For further use, please visit