German live events heavyweight DEAG plans a post-COVID return to the Frankfurt Stock Exchange in Q1 2024.
DEAG, leading German live events group, is planning a major return to the Frankfurt Stock Exchange in the first quarter of the year following its delisting in 2021 in the wake of the pandemic. The Berlin-based group plans an offering comprising a capital increase of $43-54 million, alongside an additional offering of existing shares from current shareholders.
The company went public in 1998, but delisted in January 2021 during the COVID pandemic after accepting a takeover offer from its largest shareholder, Apeiron Investment Group and Malta-based subsidiary, Musai Capital. DEAG says the proceeds from the re-IPO will be used to further accelerate its growth as per its Buy & Build acquisition strategy, with a focus on “high margin” ticketing businesses and live entertainment.
