Initial public offering of Linus Digital Finance
The Berlin-based proptech announces that it will go public on the Frankfurt Stock Exchange by May 19. Previously, Linus Digital Finance had already issued shares to employees and investors, but the company is not releasing new shares with the IPO.
This IPO is not surprising. Back in February, proptech Linus Digital Finance rebranded itself as a public company and appointed notable people to its board of directors and supervisory board. Now the start-up announces to go public on the Frankfurt stock exchange. A corresponding securities prospectus has been filed with Bafin, the proptech said. Linus Digital Finance has been offering a real estate platform since 2018, through which smaller investors can also participate in construction projects. The proptech itself acts as an anchor investor.
"On the capital markets side, we are convinced that we will be able to finance our further growth in a more targeted and efficient way in the future," says CFO Frederic Olbert, who joined Linus Digital Finance from Goldman Sachs in February. Trading is scheduled to start on May 19.
Linus Digital Finance's founder is Alexander Samwer, one of the founders of Rocket Internet. Before the IPO, employees could buy shares for a price of 25.23 euros; the company is not issuing new shares with the IPO.
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.LinkedIn Connect
Take care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.Share on Linkedin Share on Facebook Share on Xing
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?