MeinAuto.de becomes an AG

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

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