FRANKFURT - DEAG Deutsche Entertainment Aktiengesellschaft is gearing up for a return to the Frankfurt Stock Exchange's Prime Standard market segment with a Re-IPO slated for the first quarter of this year. The entertainment company is seeking to raise between €40 million and €50 million ($1 = €0.92) through the issuance of new shares and the sale of existing shareholder stock.
The funds raised are earmarked for strategic growth initiatives, with a particular focus on expanding its ticketing services and live event promotion. DEAG has outlined a strategic plan that involves capitalizing on its proprietary ticketing platforms and actively pursuing acquisitions that align with its Buy & Build strategy.
With a series of successful acquisitions under its belt, including Regular Music and tickets.ie, DEAG has seen a substantial increase in revenue, surpassing pre-pandemic figures with a leap to over €213.3 million. Looking ahead, the company has set an ambitious revenue target exceeding €300 million for the current fiscal year.
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