Chrono24 could float in future (translated)
18 JUN 2018
Chrono24, the German global marketplace for luxury watches, could float in the future, NZZ am Sonntag reported.
Chrono24 co-chief Tim Stracke told the Swiss weekly that Chrono24's private equity backer, the New York-based Insight Venture Partners, is not currently planning to exit. Stracke said the company could repurchase shares or sell a stake to another investor. He said he could also imagine selling a stake via an IPO.
Stracke said over EUR 1bn worth of goods were traded on the platform last year.
The original article was published today on page 37.