According to company sources, home24 will use the funds generated by the IPO to fund the introduction of a mature marketing approach, continuous forward integration in the supply chain, and investments in fixed assets, such as machinery and technology. The Berlin-based company recorded sales of €276 million in 2017. home24's staff of 1,000 is employed in Germany, France, Austria, the Netherlands, Switzerland, Belgium and Italy, as well as Brazil. Prior to the IPO, Rocket Internet SE (ISIN: DE000A12UKK6) was the company's largest shareholder, with a 41.22 percent stake.

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Deutsche Börse AG published this content on 15 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 June 2018 08:17:01 UTC