Oct 18th, 2021
IPO increasingly viable option - N26 co-CEO Tayenthal
German digital bank N26 GmbH has raised money at a valuation of more than $9 billion, about the same as the market capitalization of Commerzbank AG. An IPO is becoming an increasingly "strategic, viable option" for N26, the bank's co-CEO Maximilian Tayenthal told Bloomberg TV. "The company will be structurally IPO ready in the next 12 months," Tayenthal said, but added that it the bank has "no urge" to go public quickly. (Source: Bloomberg)
