Industry / Technology / Watches

Chrono24 Appoints New CFO. Is IPO Next?


Pre-owned watch e-tailer Chrono24 has named Stephan Kniewasser (pictured) as its new chief financial officer.

The appointment has raised speculation as to whether the company will go public, as Kniewasser has had prior success selling companies or devising initial public offerings.

“Stephan has helped to take Consors public more than 20 [years] ago,” wrote Chrono24’s cofounder and CEO Tim Stracke on LinkedIn. “Since then he has been instrumental as CFO in many IPO readiness projects. One of them was Teamviewer, which has reached a market cap of around 10B USD today.”

Born in Nuremberg, Germany, Kniewasser has held various posts in banking, and leadership positions in finance at AOL Germany and ProSiebenSat.1 Media.

From 2015 to 2017, he served as CFO and managing director of TeamViewer, where he laid the groundwork for the company’s IPO, a statement said.

Most recently, he served as CFO and managing director for the Transporeon Group, a cloud-based logistics platform which was eventually sold to private equity firm Hg Capital.

According to Chrono24, 2020 was the 11-year-old company’s best year on record, with sales rising 50% and gross merchandise volume jumping 30%. The e-tailer stocks approximately 500,000 watches from more than 3,000 retailers and more than 30,000 private sellers. It also boasts approximately 9 million unique visits per month, and about 500,000 unique visitors a day.

In 2015, the Karlsruhe, Baden-Württemberg–based site—one of a growing number of secondhand watch e-tailers—received a $22.8 million investment from private equity firm Insight Venture Partners.

(Photo courtesy of Chrono24)

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By: Rob Bates

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