Deutsche Börse IPO looks strong in grey market

Schnigge, a German brokerage firm which operates a grey market in pre-IPO stocks, is quoting Deutsche Börse shares at €340 to €351 a share for when trading on the €2.8bn ($2.7bn) initial public offering starts on February 5.

This represents an 11% premium to the mid-point of Deutsche Börse's price range of €285 to €335 a share for its IPO, which was officially launched on Monday.

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