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THIS RELEASE IS NOT A PROSPECTUS BUT AN ADVERTISEMENT WITHIN THE MEANING OF THE PROSPECTUS REGULATION; INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ADVERTISEMENT EXCEPT ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS.
Engel & Völkers Digital Invest sets price range for IPO - Offering period begins on April 19
- Price range set at EUR 13.50 to EUR 14.50 per share
- Market capitalization after IPO based on price range between EUR 61 and 65 million
- Total placement volume expected to be around EUR 7 million
- Offering period begins on April 19 and is expected to end on April 27, 2022
- Initial listing on the Frankfurt Stock Exchange (Scale Segment) planned for May 3, 2022
- Details of the offering available in the securities prospectus approved and published today
Berlin, April 14, 2022. EV Digital Invest AG ("Company" and together with its subsidiary "Engel & Völkers Digital Invest"), operator of the online real estate investment platform "Engel & Völkers Digital Invest", provides further details on the initial public offering: The initial listing on the Frankfurt Stock Exchange (Scale Segment) is planned for May 3, 2022. The offering period, during which offers can be submitted, will begin on April 19, 2022 and is expected to end on April 27, 2022 at 12:00 noon for private investors and at 2:00 p.m. for institutional investors. In this context, the subscription functionality "DirectPlace" of Deutsche Börse AG will be available to private investors as of April 20, 2022.
The price range has been set at EUR 13.50 to EUR 14.50 per share. The final offer price per offer share and the placement volume will be determined in a bookbuilding process and is expected to be determined on April 27, 2022. The offering comprises 450,000 new shares from a capital increase as well as a market standard over-allotment (greenshoe option) consisting of 45,000 existing shares from a securities loan by the main shareholder, which will be returned by new shares from a capital increase of the Company utilizing the authorized capital. A re-placement of shares of the existing shareholders is not planned in the context of the IPO.
Assuming a full placement of all offer shares and the exercise of the greenshoe option, the placement volume is expected to amount to approximately EUR 7 million and will entirely contribute to the Company as gross proceeds. The net proceeds from the offering shall be used in particular for the continuation of the organic and inorganic growth strategy.
The offering consists of the initial public offering of the offer shares in Germany and a private placement of the offer shares in certain jurisdictions outside Germany. The Offer Shares will be offered and sold exclusively by way of offshore transactions in accordance with the exemptions of Regulation S under the U.S. Securities Act 1933, as amended.
Full details of the offering are set out in the securities prospectus, which was approved today by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungaufsicht) and published on the Company's website (www.ev-digitalinvest.de) under the "Investor Relations" section.
Established investment platform and strong brand
Engel & Völkers Digital Invest aims to be the quality leader in the field of digital real estate investments. On the platform www.ev-digitalinvest.de, the company offers private and institutional investors exclusive access to a wide range of real estate financing opportunities that are otherwise only available to large institutional investors.
In its experience, the strong "Engel & Völkers" brand gives the company an edge in trust among online investors and in the real estate industry. Via the Engel & Völkers Digital Invest website, large-volume real estate projects are financed in the shortest time (millions often within minutes). Since the launch of the platform in 2017 until December 31, 2021, the company has financed 64 real estate projects with a volume of approximately EUR 152 million. Of these, 32 projects have already been repaid - five of them earlier than planned. The company thus has excellent prerequisites for further expanding its position in the market for online real estate investments.
IPO to finance dynamic growth
In the medium to long term, Engel & Völkers Digital Invest is aiming for sustainable revenue growth in the mid double-digit range. In addition, the company intends to continue its strong profitability path through growing economies of scale. The target for the EBITDA margin1 is around 20%.
With the proceeds from the IPO, the Company plans to fund dynamic growth and intends to (i) invest into its technology backbone and online investment platform, (ii) accelerate its marketing and sales activities, (iii) expand its regional footprint in the Spanish market and potentially enter the Austrian market, (iv) invest into recruitment initiatives and to grow its staff capacities and (v) pursue its inorganic growth activities.
Hauck Aufhäuser Investment Banking acts as Sole Global Coordinator and Sole Bookrunner for the IPO.
About EV Digital Invest AG
The fast-growing digital investment platform for real estate "Engel & Völkers Digital Invest" offers private investors the opportunity to participate in selected real estate projects as co-investors. As a quality-leading platform in the field of digital real estate investment and financing, and as a registered license partner of Engel & Völkers, it enjoys exceptionally high brand recognition.
With many years of industry expertise, extensive due diligence and high quality standards, a financing volume of EUR 152 million has been achieved by the end of December 2021 (0% default rate). A loyal and well-capitalized investor base with currently more than 13,000 users2 enables project financing within short financing periods. Market share is to be significantly expanded with a growth and quality-focused business strategy.
Further information: www.ev-digitalinvest.de
1) EBITDA margin: earnings before interest, taxes, depreciation and amortization divided by the total income.
2) Defined as active customers, registered users and newsletter subscribers.
ENGEL & VÖLKERS DIGITAL INVEST
EV Digital Invest AG
Joachimsthaler Str. 12
Licence Partner of Engel & Völkers Marken GmbH & Co.KG
Kirchhoff Consult, Jan Hutterer
Borselstraße 20, 22765 Hamburg
Phone: +49 40 60 91 86 65
This release may not be published, distributed or released in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, "United States"), Australia, Canada, Japan or any other jurisdiction in which the publication, distribution or release would be unlawful. This release constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities of EV Digital Invest AG ("Company") in the United States, Australia, Canada, Japan or any other jurisdiction to whom or in which such offer or solicitation is unlawful. Securities of the Company ("Securities") have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"). Securities of the Company may not be offered or sold in the United States. There will be no public offering of Securities in the United States or any other jurisdiction outside Germany. The Securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended. The Securities may not be offered or sold in the United States, Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of the United States, Australia, Canada or Japan.
This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any Securities. No offer of Securities is being, or will be made, to the public outside the Federal Republic of Germany ("Germany"). A public offer in Germany is being made solely by means of, and on the basis of, the published prospectus which was approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - "BaFin"). The approval of the prospectus by BaFin should not be understood as an endorsement of the Securities offered. The prospectus is available free of charge on the Company's website (https://www.ev-digitalinvest.de). An investment decision regarding the publicly offered Securities should only be made on the basis of the prospectus. Potential investors should purchase Securities solely on the basis of the prospectus relating to the Securitiesand shouldreadtheprospectusbeforemakinganinvestment decision in order to fully understand the potential risks and rewards as- sociated with the decision to invest in the Securities.
This release is not a prospectus within the meaning of the Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC), as amended.
In member states of the European Economic Area ("EEA") other than Germany, this information is only addressed to and directed at persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC).
In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act.
Statements contained herein may constitute "forward-looking statements". Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology.
Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.
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