Stock exchange anniversary: IPO on the Frankfurt Exchange on July 7, 1998
The Aurubis share celebrated its 20th anniversary on July 7, 2018. The copper share of yesteryear has delivered a shining performance since then. Those who purchased the Aurubis share in 1998 at the official offering price of 25 deutschmarks can appreciate the over 400 percent price increase as of today. Furthermore, with the exception of 2002/03, Aurubis has distributed a significant portion of its profits each year as dividends.
At the time of the IPO, the company still went by the name Norddeutsche Affinerie. This is only evident today in the ticker symbol NDA. About 22.4 million shares were placed in the course of the IPO. Based on the issue price, the IPO came to a volume of roughly 560 million deutschmarks. The subscription orders from Germany and abroad exceeded the offering by quite a bit. With a considerable proportion in free float, Aurubis shares enjoy a high level of popularity with retail and institutional investors alike, then as now. The Aurubis share has been a fixture of the German Stock Exchange index MDAX for several years and, since 2017, a member of the STOXX Europe 600.
The IPO was a milestone for the copper producer. It marked the start of an expansion phase that was reflected not least in the development of the share price. Today, Aurubis is making the logical shift from a successful copper producer to an innovative multi-metal company. The signs are therefore once again pointing towards growth – a shining prospect for the next 20 years as well.
This 1998 announcement advertised the new "Copper Share" offered by what was then known as Norddeutsche Affinerie AG
Ceremoniously opening the trading floor