Kofler plans an IPO with Social Chain

Tom Schmidtgen Tom Schmidtgen | 26.05.2021

This would be the third IPO of the investor Kofler. In the coming year, the company's turnover is expected to grow to half a billion euros.

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, Kofler said. In the future, he wants to list in the Prime Standard, probably on the Frankfurt Stock Exchange. "Then the valuation will also come into an appropriate range," Kofler said. Kofler 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 drugstore and Glow, among others. Social Chain's market capitalization is between €300 million and €350 million. In 2020, the company said its revenue was 230 million euros.

Currently, the stock is too small for institutional investors and funds, Kofler explains in the podcast. "There are rules that many funds give themselves that they don't get into a stock below a certain trading volume size." Kofler wants to make the company more interesting for funds by going public under the Prime Standard.

Social Chain AG is planning further acquisitions this year. This should increase the turnover to half a billion euros in the coming year, Kofler explains. The investor has already taken the TV stations ProSieben and Premiere public. He is also an investor in the TV show "Die Höhle der Löwen".


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