The founder of Chrono24 wants to expand more into China and Japan.
Dusseldorf Actually, the luxury watch marketplace Chrono24 is solidly financed. The e-commerce company completed a financing round of over 100 million euros just last August. In addition to the US investor General Atlantic, there was also Aglaé Ventures from Paris, an investment company of the Arnault family.
But founder Tim Stracke is already working on the next step. The company could go public as early as next year, the Handelsblatt learned from financial circles. The company could be valued at up to one billion euros. That would be roughly six to seven times the expected sales for 2022, according to people familiar with the matter.
Stracke himself did not want to comment on the specific point in time and the level of the valuation, but confirmed in an interview with the Handelsblatt: “We are preparing the company for a possible IPO.” He added: “A company of our size should always keep the option open to go public.”
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