Next Ego is apparently planning an IPO

According to media reports, the company could take this step in the first half of 2022.

The Aachen-based e-car start-up Next Ego could be planning a stock market listing in the first half of 2022. At least that's what the Handelsblatt citing financial circles. Either a normal IPO could be considered - or the company could approach a Spac deal.

According to the media report, the company could also be valued at around 1.5 billion euros as part of this deal. According to Handelsblatt 's sources, the start-up could raise money to finance its growth. The process could be organized by the investment bank Citi.

If the reports prove to be true, Next Ego would not be the first German e-car company to go public. It was only in November 2021 that the Munich-based e-car start-up Sono Motors went public on the Nasdaq stock exchange - via Spac. This enabled the company to avoid insolvency and double its valuation to two billion euros.

Next Ego is largely owned by ND Industrial Investments from the Netherlands. Ex-Daimler manager Martin Klein has led the company since the end of 2021. Competition in the affordable e-segment could become a major problem for the start-up. Next Ego could improve its position in this competition with a new, better model, which is expected to be presented in the spring. So far, some of its competitors are technically ahead of the company. It was already announced in the summer that Next Ego could consider an IPO. However, no further details were known at the time.