Insider: The Berlin company Lesson Nine could be valued at over a billion euros.
The language learning software App Babbel wants to expand into the USA.
According to financial circles, the operator of the language learning app “Babbel” is preparing an IPO in Frankfurt. Lesson Nine has already mandated investment banks to accompany the issue, several people familiar with the plans told Reuters on Thursday. This usually happens five to six months before the IPO, so it could take place in late summer. The Berlin company, founded in 2007, could be valued at over a billion euros.
Lesson Nine did not want to comment specifically on the plans: They are examining various options for financing growth. However, no decision was made regarding the type of financing or the schedule. Under the brand “Babbel” – derived from the Hessian dialect word for speak – the company offers language courses, vocabulary and spelling tests in 14 languages on a subscription basis. According to the company, they are used by millions of subscribers. Last year, Babbel benefited from the corona restrictions that caused language students to use online lessons. Lesson Nine is aiming for a turnover of more than 200 million euros for the current year.