German startup incubator plans to raise $1.8 billion in IPO

German startup incubator plans to raise US$100 million in initial public offering The deal plans to raise up to 100 million euros (about 100 million U.S. dollars), which could make it the largest deal in the German market this year.
The Berlin-based company said in a statement that it will offer up to 10,000 new shares in the deal, with the offer period starting tomorrow and ending on March 1. Calculated at the midpoint of the above-mentioned pricing range (and assuming the underwriters exercise the over-allotment option), the market value of the company, which was founded by the three Thornwell brothers seven years ago, will reach 100 million euros (approximately 100 million U.S. dollars) after its listing.
In this transaction, so-called cornerstone investors have committed to purchase shares worth 100 million euros (approximately 100 million U.S. dollars). It will be officially listed on the Frankfurt Stock Exchange on October 1. Revenue from the deal will give CEO Oliver Thornwell the resources to further expand the company into emerging markets such as Latin America and Asia by continuing to imitate successful e-commerce companies. Previously, as an investor in the technology industry, he had successfully copied the business models of group buying giants and travel home rental communities.
Germany’s biggest deal

The footwear and fashion retailer secured seed funding from USD) funds.
The transaction size may exceed that of the latter, which raised US$. The amount is the largest raised in the German market so far this year, according to data compiled by Bloomberg. Data also show that the total transaction volume in the German market in the first half of this year was only about 100 million US dollars, which was less than half of the same period last year.
During the roadshow program for investors, its business model was compared with (_/__.) Alibaba Group
The latter’s first-day stock price when it officially listed on the New York Stock Exchange A sharp increase of %, with the market value reaching over 100 million US dollars.
Startup Incubator

Shareholders announced the earnings performance of e-commerce startups supported by this startup incubator, including , , and . Data show that the company's operating losses last year totaled . Thornwell said earlier this month that the company planned to eventually become profitable and said its listing was targeting investors looking for long-term growth.
Marco Sanwell, Alexander Sanwell and Oliver Sanwell started to make their fortune in 1999 when the three brothers founded a German e-commerce company similar to . Then they copied other websites one after another, such as dating websites and picture sharing social platforms. After its establishment, the company's usual mode of operation is to start a few companies, hire employees and provide initial marketing, design and management knowledge.
Capital Injection
Last month, the Philippine Long Distance Telephone Company (.) and the German Internet service provider injected . It then sold a .% stake to a German venture capital firm in a deal that gave it greater control over several investments in the company.
After the completion of the transaction, the largest shareholder is the fund owned by the Thornwell Brothers, and its shareholding ratio will be .%. Among other major shareholders, the Swedish Investment Company will hold a .% stake, the Philippine Long Distance Telephone Company will hold a .% stake, and a company owned by billionaire Len Blavatnik (
) will hold a .% stake.
Berenberg Bank, JPMorgan Chase and Morgan Stanley will serve as lead underwriters of the transaction, while Bank of America Merrill Lynch, Citigroup and UBS will serve as joint bookrunners.