Released on 22.09. 2021 Babbel only wants to start the IPO in the "medium term". Photo: Fernando Gutierrez-Juarez Already heard? You can now also have your messages read out to you. Simply click on the play symbol in any article or add the article to your personal playlist using the plus symbol and listen to it later. Listen to the article: The IPO this week should crown the success story of the Berlin language learning app Babbel. But after the downswing of the markets at the beginning of the week, the plans were postponed. Berlin (dpa) - The makers of the language learning app Babbel called off the IPO of the Berlin company just a few days before the start. Because of the "currently unfavorable market conditions" the company announced on Tuesday after the market closed that the placement would be postponed. This Friday was originally planned as the first trading day. Now the IPO in Frankfurt is supposed to rise \u201conly in the medium term.\u201d Babbel emphasized on Wednesday that they had no problems getting rid of the shares. "During the roadshows we had very good feedback and were able to fill the books sufficiently early on in the process," said a statement. "However, from Monday we found very unfavorable market conditions." This ultimately led the company and the investors to put the IPO on hold for the time being. \u201cWe are still sticking to the plans. Until then we will focus on our strategy and further growth. \u201d Crisis at Evergrande weighs on stock markets At the beginning of the week, the crisis at Chinese real estate company Evergrande weighs on the stock markets. The Dax slipped to its lowest level since May. Fears of a new real estate crisis arose after several rating agencies further downgraded Evergrande's creditworthiness and warned of payment defaults. Last week, Babbel had the price range for the IPO at 24 until 28 Euro per share fixed. This corresponded to a market capitalization of up to around 1.3 billion euros. At that time, the management board expected gross proceeds in the middle of the range of around 190 million euros. The money raised with the planned IPO should flow into innovation and growth. The corona pandemic gave the Babbel business a strong boost last year. Babbel became 2007 and is mainly financed through subscription revenues. So far, over ten million subscriptions have been sold, it is said. The USA is now the largest single market for Babbel, emphasized Schepker. The most important target group there are English-speaking users who are learning Spanish. The Babbel competitor Duolingo went public in the summer.