Tonies launches on the German Stock Exchange

In June, the Tonie manufacturer Boxine and Spac 468 announced their merger. Now investors can trade in shares of Tonies SE.

Tonies has been listed on the German Stock Exchange in Frankfurt since today. "As a listed company, we are now ideally equipped to strengthen our category-leading position and introduce new, innovative entertainment formats for children around the world," says Tonies co-founder Patric Faßbender about the IPO.

Tonies has also appointed a supervisory board for the IPO. Anna Dimitrova, who works as Chief Financial Officer at Vodafone Germany, will chair the board. Her deputy is Armira Managing Director Christian Bailly. Sponsor Alexander Kudlich sits on the Supervisory Board for 468 Spac. Other members are Armira shareholder Alexander Schemann, Salvia Managing Director Helmut Jeggle, Axel Springer Executive Board member Stephania Caspar and Thilo Fleck.

In June, the Tonie manufacturer Boxine and the special purpose acquisition company 468 Spac owned by Alexander Kudlich, Ludwig Ensthaler and Florian Leibert announced their merger(we reported). Since Friday last week, they have been trading as Tonies SE. As a result of the merger, the company has raised 190 million euros. The money is to be invested in product expansion and international growth. Tonies is particularly keen to establish itself on the US market.

Patric Faßbender and Marcus Stahl founded Tonies in 2013 and still manage the business today. The company produces an audio entertainment system for children. When children place a figure on the Tonie box, it plays music, audio books and other audio content. Tonies sells its product in Germany, Austria, the UK, Ireland, France, Switzerland and the USA.