LAIQON AG announces promising cooperation and capital raising

LAIQON AG recently announced an important cooperation with Union Investment, potentially marking a turning point for the company. This collaboration will see the launch of a new fund-based investment product for affluent customers of Volksbanken and Raiffeisenbanken in the fourth quarter of 2024. This partnership combines LAIQON's wealth management technology through LAIC, including decisions based on artificial intelligence, and Union Investment's distribution network.

Following this announcement, LAIQON also indicated that it was planning a capital increase to finance the initial costs of this cooperation. Despite preliminary low revenue forecasts for fiscal year 2023, reflecting a challenging capital market, LAIQON management remains optimistic. It expects a considerable increase in assets under management by 2028, mainly thanks to this new cooperation.

The analysis of this initiative suggests significant positive impacts for LAIQON, leading to a purchase recommendation for its shares with a target price of €10. This cooperation is seen as a paradigm shift in asset and wealth management, particularly through the use of AI.