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Vantage Towers AG: Vantage Towers enters SDAX shortly after IPO
Düsseldorf (pta021/04.06.2021/10:05 UTC+2)
4th June 2021 – Vantage Towers AG, a leading tower company in Europe with around 82,000 sites in ten countries, will be included in the SDAX with effect from 21 June 2021. This was announced by Deutsche Börse last night after its quarterly review of the index composition. This makes Vantage Towers one of the 160 largest listed companies in Germany. The market capitalization of Vantage Towers currently amounts to around 13.7 billion euros.
Vivek Badrinath, CEO of Vantage Towers AG:
"We are pleased that we were included in the DAX index family so soon after our successful stock market debut. The inclusion in the SDAX will once again increase our visibility on the capital market and the attractiveness of our shares."
The index listing underlines the positive development of Vantage Towers shares since its initial listing and inclusion in the Prime Standard of the Frankfurt Stock Exchange on 18 March 2021. The stock has already gained more than 10% since then. In addition to the high reporting and transparency requirements, Vantage Towers AG meets Deutsche Börse's index criteria with regard to the free float market capitalization and trading volume in order to be listed on the SDAX three months after its IPO. The next regular review of membership in the DAX indices will take place on 3 September 2021 and will then be based for the first time only on the free float market capitalization.
About Vantage Towers
Vantage Towers is a leading tower company in Europe with 82,000 sites in ten countries, connecting people, businesses and devices in cities and rural areas.
The company was founded in 2020. Its headquarters are in Düsseldorf, Germany. Since 18 March 2021, Vantage Towers is listed in the Prime Standard of Deutsche Börse in Frankfurt.
Vantage Towers’ portfolio includes towers, masts, rooftop sites, Distributed Antenna Systems (DAS) and small cells. By building, operating and leasing this passive infrastructure to Vodafone and other network operators, Vantage Towers is making a significant contribution to better connectivity and the sustainable digitisation of Europe.
For more information, please visit our website at www.vantagetowers.com, follow us on Twitter at @VantageTowers or connect with us on LinkedIn at www.linkedin.com/company/vantagetowers.