MeinAuto.de becomes an AG

After Autohero, is the next car dealer aiming for the stock market?
Mobility Holding GmbH, operator of the new car portal MeinAuto.de, is changing its legal form and renaming itself. Effective immediately, MeinAuto Group will become a stock corporation, writes t3n. The timing is interesting: just last week, the platform for used cars Auto1 went public. However, MeinAuto is not aiming for the stock exchange, t3n
quotes the company as saying. At least not yet: decisions have not yet been made.MeinAuto was founded in 2007 and directs car buyers to more than 9,000 partners. The company employs 160 people at six locations. Back in January, Reuters reported on a targeted IPO. The IPO is still planned for the first half of 2021, the news agency reported, citing well-informed sources. The valuation is said to be as high as 1.4 billion euros.

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