Toy market news

tonies SE starts trading on the Frankfurt Stock Exchange through successful business combination with 468 SPAC

tonies SE, a leading international kid’s digital audio entertainment company and the company behind the Toniebox player and Tonies audio figurines, announced today that the company’s stock is now trading on the Frankfurt Stock Exchange under the ticker symbol “TNIE”.

Boxine GmbH and 468 SPAC I SE, a Luxembourg special purpose acquisition company (SPAC) sponsored by Alexander Kudlich, Ludwig Ensthaler and Florian Leibert (General Partners of 468 Capital) closed their previously announced business combination on 26 November 2021 with the combined company now operating as tonies SE.

The business combination and related PIPE will result in gross proceeds of approximately EUR 190m for tonies. The proceeds are planned to be invested in further accelerating international growth, especially in the US, as well as product and platform expansion. The company expects around EUR 172m of revenue in 2021 and to reach approximately EUR 700m of revenue by 2025.

Patric Faßbender, Co-CEO of tonies SE: “Today’s announcement is the start of a new chapter for tonies and I am particularly delighted to see what the company has achieved since I had the idea for the Toniebox almost 8 years ago – I would never have dreamt of such a success back then. As a listed company, we are now fully equipped to strengthen our category-leading position and introducing new and innovative entertainment solutions to kids across the globe.”

Marcus Stahl, Co-CEO of tonies SE: “The listing on the Frankfurt Stock Exchange represents an important milestone for tonies’ future growth and lays the foundation for our ambitious expansion plans by enhancing our entrepreneurial flexibility and granting access to capital markets. Backed by the additional proceeds, our purpose-driven team is fully focused on seizing the opportunities ahead. Our long-term vision of enabling kids’ learning and entertainment experiences to take place in a safe, screen-free, and controlled environment has always been at the heart of our business and we are very excited to be entering this phase as a publicly listed entity together with a partner who shares this vision.”

tonies will continue to be led by its co-founders Marcus Stahl and Patric Faßbender, who together will form the Management Board of tonies. The new tonies Supervisory Board will consist of high-profile and experienced members from a broad range of industries.