Business & Finance

Reuters first to report German startup Contentful explores options, including U.S. IPO

Reuters was first to report that Contentful, a website platform whose customers include Spotify, WeWork and the British Museum, is exploring options including a U.S. initial public offering (IPO) that could value it at close to $5 billion. The Berlin-based company, which plans to go public by the end of 2021, is close to hiring financial advisers to inform on the best route to the stock market, which could also involve a merger with a so-called blank-check firm or special-purpose acquisition company (SPAC). Contentful is among a new generation of fast-growing, venture-backed European startups that are seeking to capitalize on a red-hot IPO market.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: EuropeNorth America
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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