The first issuance of a company's shares on a stock exchange in order to raise capital. This process is also referred to as an IPO (Initial Public Offering).
example
Der Börsengang des jungen Technologieunternehmens war ein großer Erfolg.
The young technology company's IPO was a great success.
Usage tips
Word composition
The word is composed of 'die Börse' (the stock exchange) and 'der Gang' (the going / walk). Figuratively, it describes a company's 'Gang' (going) to the stock exchange. The '-n-' is a linking sound that connects the two parts.
EXAMPLE
Der Gang an die Börse ist für viele Start-ups ein wichtiges Ziel.
Going public is an important goal for many start-ups.
Typical verbs
'Börsengang' (IPO) is often combined with verbs that describe the process. Typical ones are: to 'planen' (plan), 'ankündigen' (announce), 'vollziehen' (carry out), or 'verschieben' (postpone) an IPO.
EXAMPLE
Das Unternehmen musste seinen geplanten Börsengang verschieben.
The company had to postpone its planned IPO.
Business terminology
'Börsengang' (IPO) is a fixed term from business and finance language. In international contexts, the English abbreviation 'IPO' (Initial Public Offering) is also commonly used.
EXAMPLE
Nach dem erfolgreichen IPO stieg der Aktienkurs des Unternehmens.
After the successful IPO, the company's share price rose.
Compare with
confusable
Börsengang vs Kapitalerhöhung
capital increase
'Börsengang' and 'Kapitalerhöhung' both have to do with companies, shares, and new money. A 'Börsengang' is the step in which a company offers shares on the stock exchange for the first time. A 'Kapitalerhöhung' means that a corporation increases its equity capital, for example by issuing new shares. This can happen after an IPO, but it does not have to be the first step onto the stock exchange. The words can be confused because in both cases shares may be issued. The most important difference is: 'Börsengang' emphasizes the first entry onto the stock exchange, while 'Kapitalerhöhung' emphasizes the increase in capital.
Börsengang
Der Börsengang des jungen Unternehmens wurde in den Nachrichten viel besprochen.
The young company's IPO was widely discussed in the news.
Kapitalerhöhung
Die Firma plant eine Kapitalerhöhung, weil sie neue Maschinen kaufen will.
The company is planning a capital increase because it wants to buy new machines.