Ticket platform: Activist investor Ananym from the USA enters CTS Eventim
Ananym co-founder Charlie Penner considers Europe's largest ticket marketer CTS Eventim to be undervalued. He wants to strengthen investor confidence with his investment.
US activist investor Ananym Capital has taken a stake in CTS Eventim, a German ticketing and concert organizer. Ananym co-founder Charlie Penner said on Tuesday that CTS Eventim is undervalued with a market capitalization of almost six billion euros and sees potential for a 50-100% increase in the stock price. Penner called for a larger share buyback to restore investor confidence and plans to push for more transparency about CTS Eventim's business model.
The company's shares have fallen nearly 50% from their May 2025 high amid concerns over its forecast for the current year and recent management changes.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
