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Gett, founded in 2010 and headquartered in London, UK, is a leading taxi booking platform specializing in regulated taxi services. The company offers flexible ground transportation solutions, including delivery services, to both business and individual customers in the B2B and B2C markets. Formerly known as GetTaxi, Gett has established itself as a significant player in the mobile commerce and travel industry.
Throughout its history, Gett has successfully raised over $1 billion in funding from various investors, including Volkswagen Group, Access Industries, and MCI Capital. The company's valuation has fluctuated over time, reaching a peak of $1.5 billion in 2019. However, in May 2024, Gett was acquired by Pango at a valuation of $175 million, marking a significant change in the company's trajectory.
Given the recent acquisition, there is currently no concrete information available regarding Gett's IPO prospects. The company's focus is likely to be on integrating with its new parent company and aligning its strategies accordingly. As with any private company, the decision to go public would depend on various factors, including market conditions, financial performance, and strategic goals.
It's important to note that the ride-hailing and transportation industry is highly competitive, with Gett facing competition from well-established players such as Uber, Lyft, and Ola. The company's ability to differentiate itself and maintain growth in this challenging landscape could be crucial factors in any future considerations regarding going public.
Investors interested in the transportation and mobile commerce sectors should keep an eye on Gett's developments under its new ownership. However, as of now, there are no official announcements or reliable reports regarding Gett's plans for an initial public offering.
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While Gett's IPO prospects remain uncertain, investors interested in the ride-hailing and transportation technology sector don't have to wait on the sidelines. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry leaders like Gett, with lower minimum investments than traditional private equity channels. This allows you to diversify your portfolio and potentially benefit from the growth of innovative companies in the mobility space before they hit the public markets.
*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.
