Dual listing on a stock exchange

Beaconsmind AG intends to secure a listing on a stock exchange located in the German-speaking DACH (Germany, Austria, Switzerland) region. According to a press release, the company based in Stäfa in the canton of Zurich has commissioned Baader Bank, specialists in IPO consultancy and support services headquartered in Unterschleissheim to the north of Munich, to investigate its options for this. 

With this step, beaconsmind hopes to increase awareness of the company among potential clients and new investors. “At beaconsmind we aim to become global”, comments Max Weiland, CEO of beaconsmind AG, in the press release. This was the motivation behind the company, which develops marketing solutions for retailers, launching an IPO on the multinational Euronext stock exchange in mid-February. “At the same time, it is crucial to also be present near our historical base, on a German-speaking stock-exchange”, Weiland adds.

This decision is additionally backed up by the need to be available on both Eurozone clearing houses. Presence on Euroclear is already enabled by the listing on Euronext. A dual-listing on a German-speaking stock exchange would allow beaconsmind to also reach all customers and investors through those financial institutions connected to the Clearstream central securities depositories.