“By the end of the year, N26 will be structurally IPO-ready,” co-CEO Maximilian Tayenthal said in an interview.
"We are not stressed to enter the public markets anytime soon," N26's boss said."The private markets have proven to be incredibly liquid."Global stock markets have seen seismic wobbles in recent months as traders navigate a plethora of uncertainties from the prospect of higher interest rates to the Ukraine-Russia conflict.
Higher rates are viewed as bad news for high-growth tech companies that tend to rely on debt financing to fuel rapid expansion. If rates were to rise dramatically, N26 wouldn't need to raise money through an IPO as the business would become"self-sustaining," the company's chief added.
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