... New Market. Moreover, a listing onthe New Market entails a private contract with the Deutsche B¨orse and a registration for theGeregelten Markt in Frankfurt.21In its early days, the New Market ... co-lead) investment bank in terms of its number of New Market leadbank mandates and total New Market IPO volume. Ranks are assigned such that higher market share resultsin higher ranks. The index ... (based on ownershipdata published by New Market firms) and is measured as of May 1, 1999, and June 1, 2000, respectively.The number of days listed in the New Market is measured from the IPO to...