German racing car maker HWA plans IPO in Q2

Newswire

FRANKFURT, March 30 (Reuters) - German racing car maker HWA will float its shares on the Frankfurt stock market in the second quarter of this year, the firm said on Friday. HWA, which is the spin-off of Mercedes-AMG's racing division, will offer 5.115 million shares from existing shareholders, mainly from founder Hans Werner Aufrecht, after whom the company is named. No new shares will be offered. HWA said it would use the listing to help with funding further development of its engines ...

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