Flix, the German parent company of coach operator FlixBus, is planning to launch on the stock market, as it is expected the company will officially announce its initial public offering (IPO) in the first week of June.
According to report from Bloomberg, Flix will then float shares later next month.
Known as the 'Ryanair of the roads', Flixbus and other Flix subsidiaries transported close to 81 million passengers last year on their network of intercity routes.
Most well known for its bright green, budget friendly buses on the roads of Belgium and the rest of Europe, Flix is also involved in European rail operations, as well as having operations in Turkey and across the Americas. In February, Flix also announced plans to expand into the Indian market.
Founded in Munich in 2013, Flix reported a 30% rise in revenues last year, to a record €2 billion. The company's adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) was €104 million, an increase of €97 million compared to 2022.
Flix is now aiming for a stock market valuation of €4 billion. Bloomberg reports, however, that it remains unclear whether the IPO will take place in Frankfurt.
The company hinted early in 2023 that it was considering an IPO, as CEO André Schwämmlein said the company would wait for the "right circumstances" before going public.
Flix has not commented on the news of its IPO as yet.
