Deutsche Börse (Frankfurt): Listing Requirements and IPO Guide

Headquarters

Frankfurt, Germany

Region

Europe

Market Focus

Large Cap & Industrials

Overview

The Frankfurt Stock Exchange is operated by Deutsche Börse Group and is Germany's principal listing venue. Most trading takes place on Xetra, its electronic platform, and the DAX index tracks Germany's largest listed companies.

Deutsche Börse also runs the Eurex derivatives market and Clearstream, giving it one of the broadest market infrastructure businesses in Europe.

Known For

German industrial, automotive, chemicals and engineering companies
Prime Standard and General Standard segments with different transparency levels
The Scale segment for small and mid-sized companies
Xetra electronic trading and the DAX index

Listing Considerations

Prime Standard brings higher disclosure duties, including reporting in English, and is required for DAX index inclusion
Strong domestic institutional and international investor base
Oversight by BaFin and the Hesse exchange supervisory authority
EU prospectus and market abuse rules apply

Key Facts

Founded

1585

Operator

Deutsche Börse AG

Regulator

BaFin and the Hesse exchange supervisory authority

Main Index

DAX

Currency

Euro (EUR)

Trading Hours

9:00 a.m. – 5:30 p.m. CET on Xetra, Monday–Friday

Market Segments

Prime Standard, General Standard, Scale

Official website →

Listing Requirements

Regulated market (Prime and General Standard): market capitalisation of at least €1 million, at least 10,000 shares and a free float of at least 10%
Prime Standard: at least three years of reporting history
Prime Standard adds quarterly statements, reporting in English and an annual analyst conference
EU prospectus approved by BaFin
Scale (SME segment): at least two years of history and a free float of at least 10%

Headline admission requirements from Deutsche Börse segment factsheets, checked November 2026.

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