24.11.2021 / 08:55 CET/CEST: The Naga Group AG plans NASDAQ IPO, publishes sales guidance for 2022 and announces changes to its regulated activities in the United Kingdom

24.11.2021 / 07:55

Hamburg, 24th November 2021 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7),  provider of the social network for trading, cryptocurrencies and payments NAGA.com, is  planning an initial public offering ("IPO") and an associated listing on the US technology  exchange NASDAQ for 2022.

NAGA's IPO and listing in the US could be completed as early as the second half of 2022,  subject to market conditions and other conditions. Details will be determined by NAGA at a  later stage in the process. NAGA expects through the US IPO access to a much broader group  of investors and to further significantly strengthen its profile on the capital market.

These efforts are supported by a continuously strong development of the operative business.  For the financial year 2022, the company expects consolidated sales of EUR 95 million to EUR  105 million, which corresponds to a approx. doubling of the sales planned for 2021, as well as  consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR  25 million. up to EUR 30 million.

At the same time, the company announces that its direct business relationships in regards to  regulated activities with UK-based customers of the companies within the group are to be  terminated in the course of December. The UK’s Financial Conduct Authority are aware of this  change.

The resulting changes in sales and margins have already been taken into account in the above  guidance.

Important Notice:

The Company’s shares have not been, and will not be, registered under the U.S.  Securities Act of 1933 and may not be offered or sold in the United States absent  registration or an applicable exemption from registration requirements. This release is  not for distribution, directly or indirectly, in or into the United States, including its  territories and possessions. This release does not constitute or form a part of any offer  or solicitation to purchase or subscribe for securities.

Sign up for newsletter 📨
Press contact
Andreas Luecke
The NAGA Group AG
Download PDF
Also available in German
Share the article:
Never miss an update!
Subscribe to our investor newsletter

The content of our pages has been created with the utmost care. However, we cannot guarantee the content’s accuracy, completeness or topicality. According to statutory provisions, we are furthermore responsible for our own content on these web pages. In this context, please note that we are accordingly not obliged to monitor merely the transmitted or saved information of third parties, or investigate circumstances pointing to illegal activity. Our obligations to remove or block the use of information under generally applicable laws remain unaffected by this as per 8 to 10 of the Telemedia Act (TMG).

Responsibility for the content of external links (to web pages of third parties) lies solely with the operators of the linked pages. No violations were evident to us at the time of linking. Should any legal infringement become known to us, we will remove the respective link immediately.

Our web pages and their content are subject to German copyright law. Unless expressly permitted by law (§ 44a et seq. of the copyright law), every form of utilizing, reproducing or processing works subject to copyright protection on our web pages requires the prior consent of the respective owner of the rights. Individual reproductions of a work are allowed only for private use, so must not serve either directly or indirectly for earnings. Unauthorized utilization of copyrighted works is punishable (§ 106 of the copyright law).