Babbel offers shares for 24 to 28 euros

Released on 15. 09. 2021

  • The Berlin language learning app Babbel goes public. Photo: Fernando Gutierrez-Juarez

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The language learning app Babbel goes public. Shares are now being offered.

Berlin (dpa) – The language learning provider Babbel has the price range for its planned IPO on 24 to 24 euros per share. This corresponds to a market capitalization of up to 1 190 billion euros, the company announced in Berlin.

The management board expects gross proceeds in the middle of the range of around 190 Million Euros. The money should flow into innovation and growth. This also includes the expansion of business in the USA and in new markets, as it was also called Wednesday (. September). The following Friday (22. September) is planned as the first trading day. The offer comprises 7.3 million new shares as well as 4 million existing shares from current shareholders. If an over-allotment option is exercised, up to 1.7 million additional shares from certain existing shareholders could be issued.

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