HomeToGo goes public at the Frankfurt Stock Exchange
Luxembourg/Berlin/Frankfurt, 22 September 2021. HomeToGo SE begins trading on the Frankfurt Stock Exchange – the global marketplace with the world’s largest selection of alternative accommodation, today announced that its shares and warrants are now trading on the Frankfurt Stock Exchange under the ticker symbols “HTG” and “HTGW”, respectively. HomeToGo GmbH and Lakestar SPAC I SE, a special purpose acquisition company, closed their previously announced business combination on 21 September 2021 and the combined company now operates as HomeToGo.
HomeToGo was founded in 2014 with a vision to make incredible homes easily accessible to everyone and is backed by Acton Capital since its Series A in March 2015. To pursue this vision, HomeToGo was able to build and constantly grow a trusted and easy-to-use technology platform that brings together property suppliers with travellers from all across the world. Since Acton Capital’s initial investment, the Berlin-based company has established the worldwide leading metasearch engine for vacation rentals. Patrick Andrae, HomeToGo’s Co-founder and CEO says: “Today marks an exciting new chapter for HomeToGo as we hit the pivotal milestone of joining the Frankfurt Stock Exchange.” HomeToGo is the first SPAC IPO on the Frankfurt Stock Exchange this year.
“As a public company, we will be even better suited to make the world’s incredible vacation homes easily accessible to everyone.”
Patrick Andrae, HomeToGo
“HomeToGo is exceptionally positioned to seize a significant market opportunity as high-quality, multi-purpose and unique vacation rentals have become the new zeitgeist. Hitting this milestone is a testament to what we have built: the world’s largest selection of alternative accommodation powered by a state-of-the-art product, engaging customer experience, strong relationships with our trusted partners and, most importantly, an outstanding team.
“I would like to thank our dedicated investors, the Lakestar SPAC I team, its shareholders and the PIPE investors for their support and trust in us throughout this exciting phase of our journey. Serving our customers with the right product while ensuring the success of our business partners has and always will be at our core. We are looking forward to creating long-term, sustainable value for all our stakeholders, and providing new technology solutions to our partners to make the entire alternative accommodation ecosystem even more successful,” says Patrick Andrae.
“With its market leading position in the fast-growing alternative accommodation business, HomeToGo is perfectly positioned for the next level of growth as a public company.”
Christoph Schuh, Lakestar
“The very strong management team of HomeToGo has demonstrated resilience during the pandemic, delivering resurgent growth in a challenging environment. I’m looking forward to supporting the Management Board on their future journey,” says Christoph Schuh, Chairman of the new Supervisory Board of HomeToGo.
In addition to Dr. Andrae, the new HomeToGo Management Board will consist of Co-founder, Chief Strategy Officer and travel tech veteran, Wolfgang Heigl, Chief Operating Officer, Valentin Gruber, and Chief Financial Officer, Steffen Schneider. The business combination and related PIPE will result in gross proceeds of approximately €250 million for HomeToGo. The proceeds are planned to be invested in growth initiatives intended to significantly broaden HomeToGo’s service offering. These investments are expected to further enhance the alternative accommodation ecosystem, especially by providing new and innovative solutions to HomeToGo’s business partners.
About: HomeToGo operates a marketplace for alternative accommodation that connects millions of travellers searching for a perfect place to stay with thousands of inventory suppliers across the globe, resulting in the world’s most comprehensive inventory coverage in the alternative accommodation space. HomeToGo’s marketplace is beneficial to both of its customer groups: Consumers who visit HomeToGo’s websites gain access to the largest inventory in one place, and supply partners who use the platform’s reach and technology solutions are better able to serve a wide range of customers and generate more high-quality demand. Headquartered in Berlin, Germany, HomeToGo operates localised websites and apps in 23 countries.