Solarisbank considers IPO

The Berlin fintech apparently wants to go public via Spac, which would make it a pioneer in Germany.

The rumor mill is churning: Solarisbank is apparently aiming for an IPO. This is reported by Business Insider, Finance Forward and Finanz-Szene.de

. According to the report, the fintech wants to go public via a Spac deal. This would be the first Spac IPO of a fintech in Germany.

The three online portals are based on consistent statements from insiders. Already in the near future, Solarisbank wants to instruct one of the major investment banks to initiate the process. The IPO could then be scheduled for the beginning of next year. Solarisbank is aiming for a valuation of one billion euros. A classical IPO is also being considered, but a Spac is favoured. In this case, the operating company is taken over by a shell company already listed on the stock exchange.

Commenting on the rumors, a spokesperson for the fintech told Business Insider

, "We are very pleased that our business model is convincing on the market and that investors are showing great interest. We are keeping all options open and cannot comment on ongoing talks."

Solarisbank was founded in 2016 as a SaaS provider. The Berlin-based company has a full banking license, which is used to handle many services offered by other fintechs. More than 400 people work for Solarisbank.