Permira plans IPO for Mobile.de in 2026 with potential valuation of 10 billion euros – Reuters By Investing.com
Investing.com — Private equity firm Permira is reportedly considering an initial public offering (IPO) in 2026 for Mobile.de, a German online marketplace for vehicles. The potential valuation for the listing could reach approximately 10 billion euros ($11.8 billion).
The listing is expected to take place in Frankfurt, Reuters reported.
In a previous valuation for Adevinta, it was suggested that Mobile.de would be a candidate for an IPO in 2026. The assets were valued between €8.6 billion and €10.5 billion, which represented around 42% of the total value of the breakup. The treatment of the sister company, Kleinanzeigen, was a point of difference, with the argument that both assets should be listed in one vehicle.
Jefferies noted that while the process may be slow and sporadic, investors can anticipate a break-up equity value for Adevinta of 19 billion to 24 billion euros, compared to 12.1 billion euros in a private equity takeover.
Distributions, either in cash or in shares from the IPO of Adevinta’s assets, to Schibsted, which has a 14% stake, could range from NOK 120 to NOK 145 per share.
This amount is equivalent to 35% to 45% of the current share price. It is likely that Schibsted will distribute these dividends to its shareholders.
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