IPO of Linus Digital Finance

The Berlin-based proptech announces that it will go public on the Frankfurt Stock Exchange by May 19. Linus Digital Finance had previously issued shares to employees and investors, but the company is not releasing any new shares with the IPO.
This IPO does not come as a surprise. Back in February, the proptech Linus Digital Finance became a public limited company and appointed well-known people to its Management Board and Supervisory Board. Now the start-up has announced its intention to go public on the Frankfurt Stock Exchange. According to the proptech, a corresponding securities prospectus has been submitted to Bafin. Linus Digital Finance has been offering a real estate platform since 2018 that allows smaller investors to participate in construction projects. The proptech itself acts as an anchor investor.
"On the capital market side, we are convinced that we will be able to finance our further growth in a more targeted and efficient manner 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.
The founder of Linus Digital Finance is Alexander Samwer, one of the founders of Rocket Internet. Prior to the IPO, employees were able to purchase shares for a price of 25.23 euros; the company is not issuing new shares with the IPO.

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