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Home » Cabify prepares for possible IPO in next 12 months

Cabify prepares for possible IPO in next 12 months

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According to media outlet El Confidencial, shareholders of private transportation services company. Cabify are preparing to go public in the next 12 to 15 months. With the help of American multinational Morgan Stanley. The outlet also explained that, according to sources close to the company, the company’s capitalization could increase to €2 billion. Founded in 2011, Cabify became one of the few Spanish companies considered a “unicorn” with a capital of over €1 billion. The list includes other important organizations such as Glovo, eDreams, Idealista, and others. Now, inspired by good performance throughout 2022. Cabify shareholders are organizing the company’s IPO between the last quarter of 2023 and the first quarter of 2024.

Commitment to sustainable transport

Cabify secures €40m loan from European Investment Bank starting in 2022. Targeting to deploy a fleet of 1,400 zero-emission electric vehicles in Spain over the next few company data years under its sustainable business strategy 2022-2025 , which is developed within the framework of the United Nations Sustainable Development Goals (SDGs). 

Regarding this commitment to sustainability, Cabify CEO Juan de Antonio said the company is committed to accelerating the shift to “more sustainable and planet-responsible mobility in all the markets in which we operate.” This is our goal, to make cities a better place, and sustainable transport is key to achieving this.

Cabify is preparing for an IPO in the next 12 to 15 months

The transportation application has a significant presence in the Spanish and Latin American market. Operating in countries such as Argentina, Chile, Colombia, Ecuador, Spain, Mexico, Peru, and Uruguay.

According to “Confidential”, the company has achieved Business Lead good results in 2022. It will prepare for the listing with the help of financial multinational Morgan Stanley. The Covid-19 pandemic.. According to Reuters, although the company has announced its intention to go public in the past.

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