|Not for publication or distribution in the United States of America
• hotel.de plans IPO for second half of October 2006
• CEO Heinz Raufer named as "Entrepreneur of the Year 2006"
Nuremberg, 25.09.2006. hotel.de AG has published further details regarding its planned Initial Public Offering. The company, which operates from Nuremberg and Hamm, provides online reservation services for the mediation of hotel accommodation around the world. Its business activities focus on the high-growth market of online reservations for business customers.
Subject to a positive capital markets environment, the company plans to go public in mid to late October. The envisaged market segment is the regulated market (General Standard) of the Frankfurt Stock Exchange. The share placement will be led by HypoVereinsbank as Global Coordinator and Sole Bookrunner. hotel.de plans to issue shares almost exclusively from a capital increase. The disposal of shares by existing shareholders is planned only within an additional Greenshoe Option customary to the market. The proceeds of the offering are primarily intended to finance the European expansion strategy of hotel.de.
International expansion as motive for IPO
“To date there is no service for corporate customers in non-German speaking countries exactly comparable to that offered by hotel.de. This is therefore a favourable opportunity of positioning ourselves in other countries as well. Now that we have already successfully established the hotel.de brand in German-speaking countries, we aim to make our company one of Europe’s leading online mediators of hotel accommodation around the world in the medium to long term,” commented Dr. Heinz Raufer, founding shareholder and CEO of the company. “The additional funds from an IPO will enable us to implement the expertise gained in German-speaking countries, as well as our three strengths of IT competence, hotel offerings and service, far more rapidly in other European countries,” explained Dr. Raufer. “We believe that we are an interesting candidate for the stock market and that we can provide investors with a convincing equity story in view of our dynamic growth and the proven profitability of our business model,” added Dr. Raufer.
The corporate customer programme of hotel.de has already been launched this year in the UK with the new international brand “TravelRes” and using the domains travelres.co.uk and travelres.com. The next step involves establishing the TravelRes brand initially in France, Italy and Spain in the respective national languages and using the domains travelres.fr, travelres.it and travelres.es.
hotel.de has already laid the most important foundations for its international expansion. With 180,000 hotels linked around the world, hotel.de already has a sufficiently attractive international hotel offering to be interesting for customers making reservations. Moreover, a large number of subsidiaries, sister and parent companies of corporate customers in Germany already started to use the new TravelRes portals as soon as they became available. Moreover, hotel.de already has a well-established infrastructure, including a reservation offering available in seven languages, which merely has to be adjusted to the new domains.
Further strong growth
The company succeeded in raising the booking volume to EUR 104 million in the first six months of 2006, equivalent to an increase of roughly 80% compared with the first half of 2005. With 240,000 overnight stays with a value of around EUR 21 million mediated in the month of August, hotel.de succeeded in breaking a further record in the company’s history.
The company will publish further details of its planned IPO at a date still to be determin.
Dr. Heinz Raufer awarded the title of "Entrepreneur of the Year"
The company was already awarded the 2006 German Company Founder Prize in the “up and coming” category around two weeks ago. On 21 September, Dr. Heinz Raufer and hotel.de were also awarded the title of “Entrepreneur of the Year 2006” in the “start-up” category. The jury was convinced in particular by hotel.de’s record of sustainable growth and innovation. The competition, which attracted applications from around 350 candidates in Germany, is organised by Ernst & Young in more than 40 countries around the world and is supported by renowned academics, companies and the media.
|The Information contained herein does not constitute any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities. Securities would solely be offered on the basis of a prospectus or other offering circular to be issued by the company in connection with such offering and to be lodged with the Federal Financial Supervisory authority. Any such prospectus or offering circular would be available free of charge as of a date yet to be determined from the hotel.de AG or HypoVereinsbank.
The material set forth herein is for informational purposes only and is not intended, and should not be construed, as an offer of securities for sale into the United States. The securities of hotel.de AG described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any State, and may not be offered or sold within the United States or to or for the account of U.S. persons (as such term is defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable State laws. Hotel.de AG does not intend to register any portion of the offering in the United States or conduct a public offering of securities in the United States.