US News language learning provider Babbel blows IPO from

00:30  22 september  2021
00:30  22 september  2021 Source:   pressfrom.com

Taliban Hanging Flag at Presidential Palace in Kabul

 Taliban Hanging Flag at Presidential Palace in Kabul Kabul. While the US reminiscent of the terrorist attacks of September 11, 2001, the Taliban signal that they have Kabul under control again. Above the President's Palace, her flag blows, veiled women promote Islamists. © Bernat Armangue Before the American Embassy in Kabul, the flag of the Taliban has been drawn to the wall. September 11, 2001 was the day sealing the last rule of the Taliban in Afghanistan.

The language learning provider Babbel has canceled his planned IPO only a few days before the start. Because of the "unfavorable market conditions", the IPO is postponed, the company announced on Tuesday after stock market.

Das Logo der E-Learning-Plattform Babbel ist auf dem Bildschirm eines Smartphones zu sehen. © Fernando Gutierrez-Juarez / DPA Central Image / DPA The logo of the E-Learning platform Babbel can be seen on the screen of a smartphone.

The first trading day was originally scheduled Friday (September 24). Babbel and his shareholders, however, continued to seek a list on the Frankfurt Stock Exchange in the medium term, it was said.

Last week, Babbel had set the price range for the IPO still to 24 to 28 euros per share. This corresponded to a market capitalization of up to about 1.3 billion euros. At that time, the board reckoned with a gross revenue in the middle of the span of around 190 million euros. The money redeemed with the planned IPO should flow into innovation and growth.

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