Hamburg, September 6, 2011 – From September 19 onwards, XING AG (ISIN DE000XNG8888) will be listed in the German TecDAX index. This was decided by Deutsche Börse yesterday. XING is the first social network to have its share listed in the TecDAX index.
“XING is a company that is growing all the time, and our share price has also developed positively over the last twelve months. We’re happy that the XING share will attract more attention and become even more appealing to investors thanks to the TecDAX listing”, said Stefan Gross-Selbeck, CEO at XING AG. During the first six months of 2011, XING AG’s profit of €5.1 million almost doubled that of the same period in 2010 (€2.6 million). Member growth for the first half of 2011 rose by 25% in the German-speaking countries when compared to the first six months of 2010.
XING’s IPO at the end of 2006 meant that it was the first ever Web 2.0 company to go public. With more than 11.1 million members, 5 million of whom are based in German-speaking countries (DACH), XING is the leading business network in the DACH region where every fourth employee in large cities such as Zurich, Munich or Frankfurt has a XING profile.
TecDAX is the selection index of Deutsche Börse for mid-sized companies (mid caps) from technology sectors. It starts directly below the DAX and has 30 constituents which are admitted to the Prime Standard segment of the Regulated Market.
XING is the social network for business professionals. More than 11.1 million members worldwide use XING to boost their business, job, and career. XING is a platform where professionals from all kinds of different industries can meet up, find jobs, colleagues, new assignments, cooperation partners, experts and generate business ideas. Members can meet and exchange views in over 50,000 specialist groups, while also getting together at networking events. The platform is operated by XING AG, which was founded in Hamburg, Germany, in 2003 and has been publicly listed since 2006. In December 2010, XING acquired amiando AG, a Munich-based company and Europe’s leading provider of online event management and ticketing. Please visit www.xing.com for more information.