DGAP-News: HomeToGo SE
/ Key word(s): IPO
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Dr. Patrick Andrae, Co-founder and CEO of HomeToGo: "Today marks an exciting new chapter for HomeToGo as we hit the pivotal milestone of joining the Frankfurt Stock Exchange. As a public company, we will be even better suited to make the world's incredible vacation homes easily accessible to everyone. HomeToGo is exceptionally positioned to seize a significant market opportunity as high-quality, multi-purpose and unique vacation rentals have become the new zeitgeist. Hitting this milestone is a testament to what we have built: the world's largest selection of alternative accommodation powered by a state-of-the-art product, engaging customer experience, strong relationships with our trusted partners and, most importantly, an outstanding team.
"I would like to thank our dedicated investors, the Lakestar SPAC I team, its shareholders and the PIPE investors for their support and trust in us throughout this exciting phase of our journey. Serving our customers with the right product while ensuring the success of our business partners has and always will be at our core. We are looking forward to creating long-term, sustainable value for all our stakeholders, and providing new technology solutions to our partners to make the entire alternative accommodation ecosystem even more successful."
Christoph Schuh, Chairman of the new Supervisory Board of HomeToGo: "With its market leading position in the fast-growing alternative accommodation business, HomeToGo is perfectly positioned for the next level of growth as a public company. The very strong management team of HomeToGo has demonstrated resilience during the pandemic, delivering resurgent growth in a challenging environment. I'm looking forward to supporting the Management Board on their future journey."
In addition to Dr. Andrae, the new HomeToGo Management Board will consist of Co-founder, Chief Strategy Officer and travel tech veteran, Wolfgang Heigl, Chief Operating Officer, Valentin Gruber, and Chief Financial Officer, Steffen Schneider.
The business combination and related PIPE will result in gross proceeds of approximately €250 million for HomeToGo. The proceeds are planned to be invested in growth initiatives intended to significantly broaden HomeToGo's service offering. These investments are expected to further enhance the alternative accommodation ecosystem, especially by providing new and innovative solutions to HomeToGo's business partners.
HomeToGo operates a marketplace for alternative accommodation that connects millions of travellers searching for a perfect place to stay with thousands of inventory suppliers across the globe, resulting in the world's most comprehensive inventory coverage in the alternative accommodation space.
HomeToGo's marketplace is beneficial to both of its customer groups: Consumers who visit HomeToGo's websites gain access to the largest inventory in one place, and supply partners who use the platform's reach and technology solutions are better able to serve a wide range of customers and generate more high-quality demand.
Headquartered in Berlin, Germany, HomeToGo operates localised websites and apps in 23 countries.
For more information visit: ir.hometogo.de.
Jonas Upmann, HomeToGo
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Solely for the purpose of the product governance requirements contained within MiFID II, (ii) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 of 7 April 2016 supplementing MiFID II and (iii) local implementing measures (together, the "MiFID II Requirements"), and disclaiming any and all liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Requirements) may otherwise have with respect thereto, the Public Shares and Public Warrants have been subject to a product approval process. As a result, it has been determined that (i) the Public Shares are (a) compatible with an end target market of Retail Investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II, and (b) eligible for distribution through all distribution channels permitted by MiFID II and (ii) the Public Warrants are (a) compatible with an end target market of investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II, and (b) eligible for distribution to professional clients and eligible counterparties through all distribution channels permitted by MiFID II.
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|9 rue de Bitbourg|
|WKN:||A2QM3K , A3GPQR|
|Listed:||Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange|
|EQS News ID:||1235127|
|End of News||DGAP News Service|
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