Flixbus Parent Company Flix Plans €4 Billion IPO, Tendam Also Eyeing Stock Market Move: Reports

Munich-based Flix, which not only runs the bus company Flixbus but also runs trains and owns the American bus company Greyhound, is planning an IPO and aims to raise to 4 billion euros. That’s telling Bloomberg Monday based on anonymous sources. Flix himself did not want to comment to the news agency. The German company, which is also active in our country with its standard green buses, would like to benefit from the highest levels on the stock exchanges and the strong recovery of the travel sector after the pandemic spread corona.

Flix was founded in 2013 and raised capital in 2021 at a valuation of $3 billion. The company established intercity bus services in Germany and France after both countries ended their railway companies’ monopolies on long-distance passenger transport.

Additional oxygen

In addition, Spanish clothing store chain Tendam has stock exchange plans, reports Bloomberg however. The chain would aim for a valuation of 2 billion euros and would like to announce the move to the stock market at the end of May.

The IPOs – also known as IPOs or initial public offerings – would bring additional oxygen to the European IPO market. That market is improving after two consecutive years. So far in 2024, companies have raised more than $12 billion in IPOs in Europe, more than double what is in the same period last year, he estimates. Bloomberg.