Adevinta Plans Mobile.de IPO in 2024
Deal News | Jan 29, 2025 | Aim Group
Adevinta is considering a public offering for its subsidiary, Mobile.de, potentially valuing the company at $10 billion. The IPO is speculated to take place on the Frankfurt Stock Exchange, contingent upon favorable market conditions. Adevinta appears to be poised to capitalize on the premium automotive marketplace's success, but timing will heavily depend on the market environment next year.
Sectors
- Automotive
- Financial Services
Geography
- Germany – The IPO is planned to be listed on the Frankfurt Stock Exchange, which is in Germany.
- Norway – Adevinta, the parent company considering the IPO, is based in Norway.
Industry
- Automotive – Mobile.de operates in the automotive industry as a leading car marketplace platform.
- Financial Services – A potential IPO involves financial services, including valuation and stock exchange processes.
Financials
- $10 billion – Approximate anticipated valuation of Mobile.de for the IPO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adevinta | Parent Company | Company | Adevinta is a digital marketplace company proposing to float Mobile.de. |
| Mobile.de | Target Company | Company | Mobile.de is a digital automotive marketplace that Adevinta plans to take public. |