March 21, 2018 / 9:29 AM / 8 months ago

German mobile bank N26 eyes eventual IPO, CEO tells newspaper

FRANKFURT, March 21 (Reuters) - Berlin-based digital bank N26 is planning an eventual stock exchange listing, its chief executive has told a German newspaper.

“The roadmap for a listing is in place,” founder and CEO Valentin Stalf was quoted as saying in Handelsblatt on Wednesday. “We know exactly what we must achieve in order to get there.”

A spokeswoman for N26 told Reuters that an IPO was not a topic for the company at the moment.

On Tuesday, N26 said it had raised $160 million in a funding round co-led by China’s Tencent Holdings Ltd and Allianz Group’s digital investment unit.

That brought funds raised by the company to $215 million and represents the largest equity financing round in Germany’s fintech sector, N26 said. (Reporting by Tom Sims; editing by Jason Neely)

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