China’s Qingdao Haier Co. Ltd, a leading global household appliances manufacturer, made it’s debut as a public company on the D-Share market of Frankfurt (CEINEX D-Share Market which is part of the regulated market of the Frankfurt Stock Exchange) on Wednesday 24th October, becoming the first Chinese company to achieve this target.

“This announcement marks a milestone not only in the history of Haier, but also in the history of CEINEX,” Cord Gebhardt, managing director of Frankfurt Stock Exchange, said at the listing ceremony. “We are going to celebrate the first IPO in the CEINEX D-Share Market, which is part of the EU-regulated market of the Frankfurt Stock Exchange.”

Haier intends to use the proceeds from the sale of the D-Shares to promote its brand and to support the growth of the company’s business internationally with a focus on Europe. The company also intends to use some of the proceeds to fund the planned acquisition of Candy S.p.A., a European household appliance manufacturer.

CEINEX is the first dedicated trading venue for China- and RMB-related investment products outside of Chinese mainland.