MeinAuto can hope for valuation in the billions on the stock exchange

This Wednesday, the car dealer's IPO is official. For the company itself, 150 million euros should fall off.
Online car dealer MeinAuto looks set to reach a valuation of over one billion euros when it debuts on the stock market this week. This is reported by the Handelsblatt
. The banks overseeing the IPO have signalled to investors that they are aiming for an issue price of 16 to 17 euros per share, the newspaper said.The IPO is thus likely to have a volume of more than 400 million euros, with the company's total valuation rising to between 1.19 and 1.26 billion euros. MeinAuto itself should thus raise the targeted 150 million euros from the leap onto the capital market, with the remaining money flowing to investor Hg Capital.
The British from Hg had created MeinAuto in its current form only in 2018, the company is a merger of the start-up Meinauto.de, the former HypoVereinsbank subsidiary Mobility Concept and a car sponsorship broker.

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