Kofler plans an IPO with Social Chain

This would be investor Kofler's third IPO. The company's turnover is set to grow to half a billion euros in the coming year.

Georg Kofler is planning an IPO with his company Social Chain in the second half of the year. The investor announced this in the OMR Podcast. Due to the merger with Lumaland, the company is already listed on the Düsseldorf stock exchange, but the liquidity and trading volume of the shares are too low, according to Kofler. In future, he wants to list in the Prime Standard, probably on the Frankfurt Stock Exchange. "Then the valuation will also be in an appropriate range," says Kofler. Kofler has already made such an announcement for mid-2020.

Social Chain develops or buys brands and cooperates with influencers, among others, for distribution. The company is active in the food, home & living, beauty and fitness markets. Its brands include Koro Drogerie and Glow. Social Chain's market capitalization is between 300 and 350 million euros. According to the company, turnover amounted to 230 million euros in 2020.

The share is currently too small for institutional investors and funds, explains Kofler in the podcast. "There are rules that many funds impose on themselves that prevent them from investing in a share below a certain trading volume." Kofler wants to make the company more interesting for funds by going public on the Prime Standard.

Social Chain AG is planning further takeovers this year. As a result, turnover is set to grow to half a billion euros in the coming year, explains Kofler. The investor has already floated the television stations ProSieben and Premiere on the stock market. He is also an investor in the TV show "Die Höhle der Löwen".