The Frankfurt Stock Exchange saw first IPO this year, a company listed on the Prime Standard segment. The Luxembourg company Helikos SE made its initial public February 4. Helikos is the investment vehicle of all, a special purpose company acquisition (SPAC) to be listed on Deutsche Börse.SPACs are shell companies newly formed for the purpose of acquiring companies or shares in companies within a specified period of time, putting the companies listed on the exchange of shares. The capital raised at IPO is paid into a trust account where the transaction is not completed, it can be refunded to investors with interest.According to the company, Helikos was formed to acquire one or more operating companies with business operations primarily in Germany. By making a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with its target will Helikos with its objective of raising capital and become a publicly traded company.