Travel Experience Marketplace Explores Share Sale

Introduction to GetYourGuide

GetYourGuide, a travel experience marketplace, is considering a multi-billion euro share sale. This move would highlight the sector’s recovery from the COVID-19 pandemic. The Berlin-based company is in discussions with investment banks to advise on a secondary share offering that may take place in the coming months.

Current Status and Plans

Industry sources indicate that a decision on how to proceed has not been officially made, and there is no pressure from the company’s investors to do so. GetYourGuide has annual revenues of almost €1bn and has become profitable for the first time. The company’s managing director, Johannes Reck, noted that after two years of lockdown, people were eager to engage in experiences, and the company was prepared to meet this demand.

Financial Background

GetYourGuide last raised new capital in 2023, with Singaporean sovereign wealth fund Temasek and private equity giant KKR participating in a $194 million equity and debt financing round. This capital raising valued the company at $2 billion. Any new secondary share sale is expected to be valued at a premium to that valuation.

Performance and Growth

The company reported that customers booked more than 10 million experiences on its platform in a single quarter last year, marking its most active quarter to date. This significant growth underscores the company’s strong position in the travel experience market.

Conclusion

A spokesperson for GetYourGuide declined to comment on the potential share sale. The company’s exploration of a multi-billion euro share sale reflects its confidence in the sector’s recovery and its own growth prospects.