DeepL is apparently considering an IPO on the US stock exchange
According to a media report, the company behind the AI translation tool DeepL is considering an IPO and is hoping for a billion-euro valuation.
(Image: cybrain / Shutterstock.com)
According to the news agency Bloomberg, the Cologne-based AI translation platform DeepL is considering going public in the USA. Bloomberg has learned from informed sources that talks are currently underway with advisors.
According to the report, an IPO is possible as early as next year. According to the report, DeepL could aim for a valuation of up to five billion dollars in the event of a listing, although the final valuation would of course depend on investor demand and market conditions.
No statement from DeepL
According to the informants, both the timing and the exact stock exchange could still change. DeepL itself declined to comment.
Videos by heise
DeepL was founded in 2017 by Jaroslaw Kutylowski and develops high-precision machine translation services with a focus on natural and nuanced translations. In addition to its headquarters in Cologne, the company is also based in Japan and the USA and employs over 1,000 people in total. Recently, DeepL launched its AI agent for companies.
(nen)
