Deutsche Bank confirms IPO plans for DWS

DWS[1], together with Deutsche Bank today announced its intention to proceed with the planned Initial Public Offering (“IPO”) on the regulated market of the Frankfurt Stock Exchange (Prime Standard) in the earliest available window, subject to market conditions. The planned IPO is expected to consist purely of the sale of existing shares indirectly held by Deutsche Bank.[2]
With approximately EUR 700 billion of Assets under Management[3] and a workforce present in 22 countries worldwide, DWS is one of the world’s leading asset managers.
DWS will operate in the form of a KGaA (Kommanditgesellschaft auf Aktien) legal structure.
The full Intention to Float can be found here.

For further information please contact:

Media Relations      

Adib Sisani      
Phone: +49 69 910 61960    

Nick Bone      
Phone: +44 207 547 2603     

Important note

This announcement is not and does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities in the United States of America, Germany or any other jurisdiction. The securities will not be or have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offer of the securities in the United States of America.

This ITF announcement is not a prospectus. Investors should not purchase or subscribe for any shares referred to in this document except on the basis of information in the prospectus to be issued by the company in connection with the offering of such shares. Copies of the prospectus will, following approval of the German Financial Supervisory Authority (BaFin) and publication, be available free of charge from the issuer or on

1. DWS Group SE, to be transformed and renamed DWS Group GmbH & Co. KGaA, (“DWS”)

2. Via DWS’s sole shareholder, DB Beteiligungs Holding GmbH, a 100% subsidiary of Deutsche Bank AG (“Deutsche Bank”)

3. As of 31 December 2017


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