Mister Spex could go public in July

The multichannel eyewear retailer would then become the next German unicorn. According to a media report, the start-up wants to raise around 300 to 400 million euros.

The eyewear retailer Mister Spex is apparently looking to go public, reports the news agency Reuters. According to the report, the IPO is scheduled for July on the Frankfurt Stock Exchange. This would value the Berlin start-up at more than one billion euros and make it the next German unicorn. Mister Spex was already transformed into an AG at the end of last year.

Mister Spex was founded in 2007 and sells glasses and contact lenses, mainly online. The start-up also has individual stores, 38 of them in Germany, and around 1,000 people work for the company. In the 2019 financial year, Mister Spex generated sales of 139 million euros and an operating profit of two million euros.

Reuters refers to insiders in its report. The company plans to raise between 300 and 400 million euros through the IPO. The IPO is apparently to be accompanied by the Hamburg bank Berenberg, the US bank Jefferies and the British bank Barclays. Mister Spex has not yet commented on the plans.

The owners of the online optician are the two board members Dirk Graber and Mirko Caspar, as well as a group of investors from Goldman Sachs, DN Capital, Hightech Gründerfonds, Co-Investor, XAnge, Grazia Equity, Büll Family Office and Scottish Equity Partners.