Naoo AG Debuts on German Stock Market with Promising Prospects

naoo AG, a Swiss-based operator of a unique social media platform, has successfully listed its shares on the Düsseldorf Stock Exchange. The shares commenced trading at EUR 23.50, resulting in a market capitalization of EUR 95.7 million. This marks a crucial step in naoo's expansion strategy.

The platform specializes in linking social media with local communities and services, boasting strong user growth and effective campaigns with notable clients. naoo plans to enhance its reach with the naoo Business tool and leverage AI for improved user interactions.

With a successful proof of concept in Switzerland, naoo aims to penetrate the German market by 2025, targeting operational breakeven by 2026. The company also plans to pursue strategic acquisitions to bolster growth.