Look Models International Inc. (LMI), the holding company for Wolfgang Schwarz's group of modeling agencies and lifestyle companies that operate under the same name, and which is based in Dover, Delaware, USA, celebrated its successful stock market debut on the Open Market of the Frankfurt Securities Exchange today. The first reported price of the LMI share (WKN: A0M48N, ISIN:US54341R1059, Symbol: 3LM) following the start of trading was EUR 0.50. The price was EUR 0.58 in the afternoon. The listing was managed by Renell Wertpapierhandelsbank.
The listing has enabled the company to complete the first step towards the implementation of its ambitious growth plans. The company plans to open further branches, and to acquire existing modeling agencies, primarily in the US and the UK, over the course of the coming months. LMI also intends to strengthen its management team. "We are very happy that the IPO has been a success, and our aim is to reward the confidence that our investors have shown in us with corresponding growth," commented CEO Wolfgang Schwarz.
Disclaimer:
"This press release, and the information it contains, represents neither an offer to sell nor a solicitation to purchase Look Models International Inc. securities, either in the Federal Republic of Germany or in another country. Shares in Look Models International Inc. are not publicly offered for sale outside Germany, in particular, in the United States of America."
The listing has enabled the company to complete the first step towards the implementation of its ambitious growth plans. The company plans to open further branches, and to acquire existing modeling agencies, primarily in the US and the UK, over the course of the coming months. LMI also intends to strengthen its management team. "We are very happy that the IPO has been a success, and our aim is to reward the confidence that our investors have shown in us with corresponding growth," commented CEO Wolfgang Schwarz.
Disclaimer:
"This press release, and the information it contains, represents neither an offer to sell nor a solicitation to purchase Look Models International Inc. securities, either in the Federal Republic of Germany or in another country. Shares in Look Models International Inc. are not publicly offered for sale outside Germany, in particular, in the United States of America."
