European challenger bank N26 has said it should be ready for an IPO by 2024.
In Brief:
The bank has stated it will “be structurally ready” for an IPO by the end of this year.
It is expected to list in 2024 at the earliest.
The company most recently raised $900mn Series E funding but has yet to turn a profit.
What does this mean?
Speaking at the Mobile World Congress, Co-CEO Maximilian Tayenthal said the challenger is not “stressed” to enter the public markets as private markets have proved “incredibly liquid”.
