Germany-based live entertainment company DEAG (Deutsche Entertainment Aktiengesellschaft) plans to relist its shares on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange this quarter (Q1 2024).
DEAG expects to raise between €40 million and €50 million as a result of the planned IPO.
The company first went public in 1998 and delisted in January 2021 in the wake of the coronavirus pandemic and due to what it calls the associated “massive negative impact” of the pandemic on the live entertainment industry.
DEAG went private after agreeing to a takeover deal with its largest investor Apeiron Investment Group Ltd. and its Malta-based “bidder company” Musai Capital.
DEAG said in its latest announcement that “with the help of its major shareholders,” the company “used the time during the pandemic to make important strategic decisions and implement them”.
As a private company, DEAG generated revenues of…
