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 with this.

The glasses mail order company Mister Spex is apparently drawn to the stock exchange, reports the news agency Reuters

. According to the report, the IPO is scheduled for July on the Frankfurt Stock Exchange. This would make the Berlin-based start-up worth more than one billion euros and make it the next German unicorn. Mister Spex already transformed into an AG at the end of last year.

Mister Spex was founded in 2007 and sells glasses and contact lenses, mostly online. The startup also has individual stores, with 38 in Germany. About 1,000 people work for the company. In fiscal year 2019, Mister Spex made sales of 139 million euros and an operating profit of two million euros.

Reuters

refers to insiders in its report. The company plans to generate revenues of 300 to 400 million euros through the IPO. The IPO is apparently to be accompanied by Hamburg-based bank Berenberg, US-based Jefferies and UK-based Barclays. Mister Spex did not comment on the plans so far.

The online optician's owners are board members Dirk Graber and Mirko Caspar, as well as an investor group of Goldman Sachs, DN Capital, Hightech Gründerfonds, Co-Investor, XAnge, Grazia Equity, Büll Familiy Office and Scottish Equity Partners.