Toy manufacturer Boxine wants to go public via Spac

The manufacturer of the Tonie audio system is negotiating with Alexander Kudlich's 468 SPAC. The purchase price is said to be one billion euros.

Boxine from Düsseldorf, the manufacturer of the Tonie audio figures, is aiming for the stock exchange. Currently, talks are underway for a takeover by the 468 Spac 1 of the former Rocket Internet board member Alexander Kudlich. This was announced by Spac in a mandatory announcement. The IPO is assumed to have a market capitalization of one billion euros. Boxine was founded in 2016 and is the company behind the Tonie boxes, the talking figures for young children. The company now makes more than 300 talking figures. In 2019, Boxine's turnover was around 100 million euros. The company made just under eleven million euros in profit.

Spac 468 has been traded on the stock exchange since the end of April (Startbase reported). "With the story, Boxine would have done well on the stock market on its own," says Philipp Kloeckner, investor and tech expert from the "Doppelganger Podcast" and former Rocket Internet advisor, to the Rheinische Post.. "The product is also strong enough in my view to justify the price of a billion. Boxine is a good company. But for it to be an exciting investment, it needs to become internationally successful or develop new products so that you become the Mattel, Hasbro or Ravensburger of the 2030s."