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Berlinbased 316m frankfurt ipo 1.27blevingstonbloomberg

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Berlin-based web-based language learning organization Babbel tries to raise as much as €316M in a Frankfurt IPO, estimating shares at €24 to €28, esteeming it up to €1.27B — – Demand for learning stages during pandemic lifts deals — U.S. rival Duolingo’s portions have taken off since IPO this year.

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