Auto1 successfully launched on the stock exchange

Tom Schmidtgen Tom Schmidtgen | 04.02.2021

The value of the share increased by 45 percent 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, at the upper end of the price range of 32 to 38 euros. Investors nevertheless jumped at the chance. At times, the share price rose by 45 percent.

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

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


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