The journey experiences market GetYourGuide is exploring a share sale at a multibillion Euro valuation that will underline the sector’s restoration from the depths of the COVID pandemic.
Sky Information has learnt that GetYourGuide, which relies in Berlin, is in talks with funding banks to advise on a secondary share providing that will happen within the coming months.
Business sources stated on Sunday {that a} choice to proceed had but to be formally taken, and that there was no strain from the corporate’s buyers to take action.
GetYourGuide, which counts the SoftBank Imaginative and prescient Fund amongst its buyers, stated in October that it was approaching €1bn (£871m) in annual income and had change into worthwhile for the primary time.
“After two years being locked down, experiences have been the one factor that folks needed to do,” Johannes Reck, chief government, stated after the pandemic.
“We have been prepared for that and we rode on that wave.”
The corporate final raised new capital in 2023, when the Singaporean state fund Temasek and personal fairness big KKR participated in a $194m fairness and debt funding spherical.
That capital-raising was stated to worth GetYourGuide at $2bn, and any new secondary share sale is more likely to be priced at a premium to that valuation.
It stated that prospects had booked greater than 10 million experiences on its platform in a single quarter final 12 months – its most energetic so far.
A spokesman for GetYourGuide declined to remark.
