Released on 21.09. 2021 The logo of the e-learning platform Babbel can be seen on the screen of a smartphone. 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: Canceled or postponed? Language learning provider Babbel canceled its planned IPO at short notice. The company wants to realize the stock exchange plans in the medium term. 2021 Berlin (dpa) - The language learning provider Babbel canceled its planned IPO just a few days before the start. Due to the "currently unfavorable market conditions", the IPO will be postponed, the company announced on Tuesday after the market closed. The first trading day was originally Friday (24. September). Babbel and its shareholders continued to aim for a listing on the Frankfurt Stock Exchange in the medium term, it was now said. Last week, Babbel had the price range for the IPO at 24 to 28 Euro each Share set. 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.