Deutsche Bank Plays Home Advantage to Win Top German IPO Roles

Deutsche Bank AG is again getting top roles in Germany’s biggest initial public offerings, marking a significant comeback in a business that it pared back about six years ago.

The lender has been picked as global coordinators in at least eight German listings this year and next, including medical technology firm Brainlab AG, BASF SE’s agricultural chemical unit and drugmaker Stada Arzneimittel AG, Bloomberg News has reported.

It’s a stark contrast to 2019 when Deutsche Bank decided to downsize the equities business in a radical overhaul to reverse its profitability slump. The cutback hurt the lender’s standing ...