der  Ausgabepreis

B2

Estimated CEFR level.

/ˈaʊsˌɡaːbəˌpʁaɪ̯s/

💰 What does "der Ausgabepreis" mean?

The Ausgabepreis is the price at which new securities (like Aktien or Anleihen - stocks or bonds) or collectibles (like Briefmarken or Münzen - stamps or coins) are first offered publicly for sale. It's the price at the time of Ausgabe (issue or issuance).

The article is always der, because the base word "Preis" (price) is masculine (der Preis).

• In finance: The price investors pay to acquire newly issued stocks or bonds directly from the issuer (e.g., a company or government).
• For collectibles: The original price at which a new stamp or coin is sold by the issuing authority (e.g., post office or mint).

🚨 Don't confuse it with the Marktpreis (market price, which forms later on the stock exchange) or the Nennwert (nominal value or face value).

🧐 Grammar and Declension of "Ausgabepreis"

"Ausgabepreis" is a masculine noun. It follows the regular declension pattern for masculine nouns.

Example Sentences

1. Der Ausgabepreis der neuen Aktie wurde auf 50 Euro festgelegt.
   (The issue price of the new stock was set at 50 Euros.)
2. Investoren hoffen, dass der Marktpreis schnell über den Ausgabepreis steigt.
   (Investors hope that the market price will quickly rise above the issue price.)
3. Der Ausgabepreis der Anleihe entsprach ihrem Nennwert.
   (The issue price of the bond corresponded to its nominal value.)
4. Bei Sammlermünzen liegt der Ausgabepreis oft deutlich unter dem späteren Sammlerwert.
   (For collector coins, the issue price is often significantly below the later collector's value.)

📊 When to use "Ausgabepreis"? Context Matters!

The term "Ausgabepreis" is primarily used in two contexts:

• Financial Markets: It's central to IPOs (Börsengänge), capital increases (Kapitalerhöhungen), or the issuance of bonds (Emission von Anleihen). It denotes the price at which the security is first ausgegeben (issued) to investors. It differs from the Börsenkurs or Marktpreis (stock exchange price or market price), which is determined by supply and demand after the initial issuance.
• Collecting: Refers to the initial offering of stamps (Briefmarken), coins (Münzen), or medals by official bodies. It's the price paid directly to the issuing institution.

Distinction from other terms:

• Verkaufspreis: A more general term for the price at which something is sold. Can also apply to used items.
• Nennwert/Nominalwert: The value printed on a security (e.g., bond, stock) or coin (face value). This can differ from the issue price and the market price.
• Emissionskurs: A very similar term, often used synonymously with Ausgabepreis in finance.

🧠 Mnemonics to Remember

Article Mnemonic: Remember der Preis (the price). When something is newly 'ausgegeben' (issued/given out), it still has a Preis. Therefore: der Ausgabepreis.

Meaning Mnemonic: Imagine a company 'giving out' (Ausgabe) shares at a specific door 🚪. The price tag at this 'issuing door' is the Ausgabepreis (issue price).

🔄 Synonyms and Antonyms

⚠️ Similar but potentially misleading words:

• Ausgaben (plural): Expenses, expenditures (article: die Ausgaben). Unrelated to the price.
• Kaufpreis: The price a buyer pays (can be the Ausgabepreis, but is more general). (Purchase price)

😂 A Little Joke

Fragt der Börsenneuling seinen Broker: "Ist der Ausgabepreis garantiert der niedrigste Preis, den ich für diese Aktie je zahlen werde?"
Broker: "Das ist eher wie beim ersten Date. Man hofft auf das Beste, aber es gibt keine Garantie, dass es nicht bergab geht!" 😉

(Translation: The stock market novice asks his broker: "Is the issue price guaranteed to be the lowest price I will ever pay for this stock?"
Broker: "It's more like a first date. You hope for the best, but there's no guarantee it won't go downhill!")

📜 Poem about the Ausgabepreis

Ein neues Papier, frisch und fein,
Der Ausgabepreis, der soll es sein.
Festgelegt, bevor der Handel rennt,
Ein Startpunkt, den jeder Investor kennt.
Man hofft, er steigt, wird niemals fahl,
Doch manchmal ist's auch ein Jammertal.
Der erste Preis, bei Emission,
Bestimmt den Start, den ersten Ton.

(Translation: A new paper, fresh and fine, / The issue price, it shall be thine. / Set before the trading runs, / A starting point known to everyone. / One hopes it rises, never pale, / But sometimes it's a woeful tale. / The first price, at emission's call, / Determines the start, the first tone for all.)

❓ A Little Riddle

Ich bin der erste Preis, ganz offiziell,
Für Aktie, Anleihe, schnell, schnell, schnell!
Bevor der Markt mich tanzen lässt,
Bin ich vom Emittenten festgesetzt.

Was bin ich? ... Der Ausgabepreis

(Translation: I am the first price, quite official, / For stock, bond, quick quick beneficial! / Before the market lets me dance, / I'm fixed by the issuer's stance. / What am I? ... The issue price)

🧩 Other Information

Word Composition:

The word "Ausgabepreis" is a compound noun, made up of:

• Die Ausgabe: Refers here to the emission or issuing of something new (e.g., securities, stamps). (The issue/issuance)
• Der Preis: The amount of money that must be paid for something. (The price)

Since the base word "Preis" is masculine (der Preis), "Ausgabepreis" is also masculine (der Ausgabepreis).

Trivia:

The Ausgabepreis of shares in an IPO (Börsengang) is often determined through a complex process called 'bookbuilding'. This involves gauging demand from institutional investors to set an optimal price.