Could Babbel raise 1 billon $ or more?

Opinions

Ella Jones, Deputy Editor In Chief

Date: 16.03.2021

Lesson Nine, the company behind language-learning app Babbel, is preparing to list on the Frankfurt stock in a deal expected to value it at more than 1 billion euros ($1.19 billion), people close to the matter said.

The company has tasked investment banks with organising the initial public offering, which could take place in the third quarter, they added.

Berlin-based Lesson Nine said it is looking at various ways of financing its growth. “But there is neither a decision for a particular (financing) option nor a timeline.”

Babbel offers online language classes, vocabulary and spelling games, stories and videos, all on a subscription basis. Founded in 2007, Babbel counts millions of active subscribers learning 14 different languages.

It employs 750 staff and is expecting sales of more than 200 million euros this year, benefiting from people flocking to online courses during COVID-19 pandemic lockdowns.

by Ella Jones | Linkedin

Views: 10

Leave a request

Select option
Thank you, application submitted.