IPO of weclapp SE not in the first half of 2022

Marburg, 16 March 2022 – The Management Board of weclapp SE, a subsidiary of 3U HOLDING AG (ISIN DE0005167902), in agreement with the Supervisory Board, has decided to suspend the already well-advanced preparations for a possible IPO of weclapp SE for the time being. This decision was made under the impression of the current global political developments and the volatility on the capital markets and after intensive consultation with the underwriting banks.

3U HOLDING AG had announced its intention to implement this project as a possible option for financing the further growth of weclapp SE in the course of the first half of 2022, but subject to a favourable stock market environment. The current capital market development does not fulfil this condition. weclapp SE reserves the right to resume preparations for a possible IPO at a later date.

 

Information published by:
Dr. Joachim Fleïng
Head of Investor Relations
Tel.: +49 (0)6421 999-1200
Fax: +49 (0)6421 999-1222
email: ir@3u.net

Issuer
3U HOLDING AG
Frauenbergstr. 31-33
35039 Marburg Germany
LEI: 529900VVQ4470YJ67K26
Commercial Register: District Court Marburg HRB 4680
ISIN DE0005167902
Trading venues:
XETRA
Tradegate
Frankfurt, Berlin, Hamburg/Hanover, Düsseldorf, Munich, Stuttgart

About 3U:
3U HOLDING AG (www.3u.net) 3U HOLDING AG (www.3u.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market. 3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).