BlaBlaCar IPO

Summary*

BlaBlaCar, the French carpooling company founded in 2006, has recently secured $108 million in credit financing as it puts its initial public offering (IPO) plans on hold. The company, which operates a popular travel app connecting drivers with passengers for shared journeys, reported its first profitable year in 2023 with net sales up 29% and 80 million passengers using its platform.

CEO Nicolas Brusson indicated that while an IPO was previously considered, the company is now focused on private growth and expansion. BlaBlaCar intends to use the newly raised funds primarily for acquisitions of smaller online travel marketplaces and agencies, particularly in high-growth markets like Brazil, Mexico, and India.

The decision to delay going public comes amid a challenging IPO market. Brusson stated that the company needs to grow two to threefold before seriously considering an IPO. He emphasized that raising equity at this stage would result in significant dilution, which doesn't align with the company's current profitable status.

Despite the postponement of IPO plans, BlaBlaCar's recent funding and profitability demonstrate investor confidence in its business model and growth potential. The company's focus on strategic acquisitions and expansion into emerging markets suggests a long-term approach to building value before potentially entering public markets.

While the timeline for a BlaBlaCar IPO remains uncertain, the company's performance and strategic direction will likely continue to attract attention from investors and industry observers interested in the evolving landscape of shared mobility and travel technology.

How to invest in BlaBlaCar

While BlaBlaCar's IPO prospects remain uncertain, investors eager to gain exposure to the ride-sharing industry don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO private companies, including potential leaders in the transportation and mobility sectors. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of innovative companies like BlaBlaCar before they go public.

Sources

*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.