According to the German business magazine WirtschaftsWoche, Mister Spex is planning an Initial Public Offering (IPO) to trade on the Prime Standard stock exchange in Frankfurt early next month. The optical retailer has reportedly hired the financial services of Berenberg, Jefferies and Barclays for this purpose. The magazine further reports that Mister Spex is going to float between €300 and €400 million worth of shares and that the company’s overall valuation could be close to a billion euros according to analysts. Mister Spex recently announced an 18 percent year-on-year increase in revenues to €164 million and an adjusted EBITDA of €7 million, as well of the opening of new stores in Sweden and Austria, the first ones outside Germany. Initially a pure internet player, the company switched to an omnichannel model, and currently operates 40 stores directly while partnering with roughly 400 others. A successful IPO would boost the company’s financial capacity and allow it to accelerate its investments on the international markets, both into e-commerce and brick-and-mortar retail. Mister Spex declined to comment on the possible IPO.