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Entertainment German dating and language learning apps are aiming for the stock exchange

13:45  22 february  2021
13:45  22 february  2021 Source:   pressfrom.com

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(Bloomberg) - From the language learning app Babbel to the Parship dating agency - a growing number of German companies want to use the rising share prices to go public .

The Berlin startup Lesson Nine GmbH, which Babbel operates, is currently looking for consultants for a possible IPO, said people familiar with the plans who asked for anonymity. The corona pandemic often makes electronic learning the only alternative for both adults and children and has given the company an increasing number of users.

ProSiebenSat.1 Media SE, whose portfolio includes ParshipMeet Holding GmbH, is already working with consultants on a possible IPO, the people said. In the USA, a competitor's Bumble Inc. already went public this month.

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Neither Babbel nor ParshipMeet have made any final decisions. Company representatives declined to comment.

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IPOs in Germany got off to a good start this year. More than 2 billion euros have been collected so far, according to data compiled by Bloomberg. The country is thus well on the way to the second best opening quarter for IPOs in more than a decade. So far, this volume has mainly been borne by the 1.8 billion euros that used car dealer Auto1 Group SE collected from its IPO . But there could still be a lot more.

From prosthesis manufacturer Ottobock SE & Co., for example, who could venture onto the trading floor this year, said people familiar with the matter. Smava GmbH, an online consumer credit platform, could follow by the end of the year or early 2022. Online auto parts dealer Autodoc GmbH has also already spoken to banks about a possible IPO, the people said.

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The possibly largest listing in Germany this year could come from Vodafone Group Plc , which wants to collect around 4 billion euros with its European radio mast subsidiary in Frankfurt. The glasses retailer Mister Spex is also a candidate. All of these transactions would be dwarfed if Volkswagen AG actually opted for a listing from Porsche.

Heading of the article in the original:

Dating, Language Apps Consider Joining Germany’s IPO Rush

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