Investing.com -- Private equity firm Permira is reportedly considering a 2026 initial public offering (IPO) for Mobile.de, a German online marketplace for vehicles. The potential valuation for the listing could reach approximately €10bn ($11.8bn).
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 a 2026 IPO. The asset was valued between €8.6bn and €10.5bn, which represented about 42% of the total break-up valuation. The treatment of sister company, Kleinanzeigen, was a point of difference, with an argument for both assets to be listed in a single vehicle.
Jefferies noted that while the process may be slow and sporadic, investors can anticipate a break-up equity value for Adevinta of €19-24bn, up from €12.1bn at take-private.
Distributions, either in cash or shares of IPO'd Adevinta assets, to Schibsted, which holds a 14% shareholding, 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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