Babbel cancels IPO as business model fails to woo investors
![London, United Kingdom - October 26, 2018: Screenshot of the mobile app Babbel ? Learn Portuguese from Lesson Nine GmbH.](https://assets.euromoneydigital.com/dims4/default/f7fc6cc/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F07%2F72%2F4145c82b416aa91c974cfb7421b4%2Fbabbel-2021-alamy-575-375.jpg)
German language learning app becomes the first casualty of a tough IPO market this autumn
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