Netfonds AG is moving to delist from the Munich Stock Exchange as a Warburg Pincus-backed takeover shrinks the free float, causing trading volume to collapse and making reliable price formation impossible.
The board, with supervisory board approval, decided on 09.11.2026 to apply for delisting from m:access and the general Freiverkehr in Munich, following regulatory clearances for the takeover by German Wealth Technology GmbH (controlled by Warburg Pincus-managed funds). The free float has shrunk to a minimum, daily trading volume has practically ceased and price formation is no longer reliable. Remaining shareholders face the loss of the listing venue and distorted, low-volume pricing, which is negative for the tradable shares.
Netfonds AG has announced plans to delist its shares from the m:access segment and the general Freiverkehr at the Munich Stock Exchange. The decision follows the imminent completion of a takeover by German Wealth Technology GmbH, a company controlled by Warburg Pincus-managed funds, which has significantly reduced the free float and rendered daily trading volumes negligible.
The article states the aim is to end the listing in m:access and the general Freiverkehr in Munich; the timing depends on the stock exchange's decision. Trading volume has already practically ceased, so price formation is no longer considered reliable.
Because the takeover by German Wealth Technology GmbH, controlled by funds managed by Warburg Pincus, is about to be completed, the freely tradable float has shrunk to a minimum and daily trading volume has practically stopped.