Auto1 successfully launched on the stock exchange

The share price rose by 45% at the start. The company is now valued at almost twelve billion euros.
News by Tom Schmidtgen Tom Schmidtgen · Stuttgart, 04. February 2021

The share price rose by 45% at the start. The company is now valued at almost twelve billion euros.

Auto1 has been officially listed on the German stock exchange since Thursday. The issue price was 38 euros and thus at the upper end of the price range of 32 to 38 euros. Investors nevertheless bought in. At times, the share price rose by 45 percent.

Following the IPO, the Berlin-based used car start-up is valued at 11.7 billion euros. Auto1 raises 1.8 billion euros on the stock exchange, of which the company itself is allowed to keep one billion euros. Auto1 intends to use the money raised to further expand its own platform.

"Today is a fantastic day for the Auto1 Group and we are very proud to now be part of the stock exchange family," says Christian Bertermann, CEO and co-founder. "We have grown very successfully in recent years and today's IPO is the starting signal for the next phase of this incredible growth story."


Like it? Please spread the word:


Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts