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January 04, 2007
German Online Real Estate Biz Wants €500M Valuation
The German business press is reporting that several, but not all of the, shareholders of an online real estate portal, called Immobilienscout24, have given a mandate to an investment bank to find a buyer for their stake in the venture.
Dow Jones is reporting speculation that the firm could be valued at €500M -- based on valuation metrics of comparable online real estate sites in other European countries, namely France's Seloger.com (€400M market cap) and the UK's Rightmove (£480M).
Read - ImmobilienScout24 bringt Aareal mind 150 Mio EUR Gewinn - Kreise (FAZ)
Posted on January 4, 2007 03:36 PM | Posted to Online services | Permalink
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