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P+P advises the management of Scout24 on IPO
The Munich-based Internet portal Scout24, to which online portals Immobilienscout24 and Autoscout24 belong, will go public at the Frankfurt Stock Exchange on October 1. Shares in an amount of up to EUR 1.4 billion will be issued. The total valuation of the company is almost EUR four billion.
67 percent of the shares in Scout24 are held by funds, Deutsche Telekom holds 29 percent and the management holds 4 percent of shares. A syndicate of banks led by Credit Suisse and Goldman Sachs handled the IPO.
P+P Pöllath + Partners advised the management of Scout24 on the IPO with the following team:
- Dr. Benedikt Hohaus (partner, corporate, Munich)
- Dr. Tim Kaufhold (counsel, corporate, Munich)
