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Compleo sells shares for 49 euros

D.he charging station provider Compleo makes his way cautiously to the trading floor. The offer price for its own shares was set at 49 euros each, the company announced on Monday evening in Dortmund. The allocation was thus made in the lower half of the price range of 44 to 59 euros. After all, just under 1.7 million papers were sold as planned. Since many of the shares come from the holdings of the existing shareholders, the company only receives a gross amount of 44 million euros. The total offer volume is 81 million euros.

Compleo initially sees market capitalization at 168 million euros. The free float should be just below the 50 percent limit. Tomorrow, Wednesday, October 21, is planned as the first day of trading in the Prime Standard quality segment of the Frankfurt Stock Exchange. Compleo intends to use most of this for growth, research and development and the expansion of product capacities. In the past year, the company increased sales according to an earlier announcement by almost 13 percent to 15.2 million euros. In the first half of the year sales almost doubled to 14.3 million euros.

Competitor also wants to go public

In September, the American competitor Chargepoint announced that it would venture onto the New York floor by merging with an investment vehicle. The Americans want to put the proceeds primarily into expanding their network in North America and Europe. The competition in the European market for charging stations is therefore likely to increase.

Only recently, EU Commission President Ursula von der Leyen proposed tougher climate targets. The largest car manufacturer, Volkswagen, recently considered these goals to be feasible in principle. Without a strong expansion of the charging infrastructure in Europe, however, the car companies will have difficulties in achieving their goals for the sale of e-cars.

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