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Weak stock market debut for retail post provider Compleo

D.he charging station provider Compleo made a weak debut on the stock exchange on Wednesday. The share started trading in Frankfurt at a price of 44 euros – around 10 percent below the issue price of 49 euros. Shortly afterwards it went down to 42.70 euros.

This brings the Dortmund company to a market value of around 146 million euros. In the further course of trading, the share rose temporarily by 8.4 percent to EUR 47.70, but still remained below the issue price. The credit institutions accompanying the share issue usually maintain the price and support the price in the first few days of trading.

Even the placement of the shares was bumpy: the shares were allocated in the lower half of the price range of 44 to 59 euros. After all, the company had sold just under 1.7 million papers as planned. Since many of the shares were owned by existing shareholders, the company will receive only 44 million euros gross.

Expansion of the charging infrastructure as a course fantasy

Compleo intends to use most of the fresh money for growth, research and development and the expansion of product capacities. Last year the company increased its sales by around 13 percent to 15.2 million euros. In the first half of the year, sales almost doubled to 14.3 million. Compleo wants to benefit from the trend towards electric cars and the expansion of the charging infrastructure in Germany.

Recently, EU Commission President Ursula von der Leyen proposed stricter climate targets. Without a strong expansion of the charging infrastructure in Europe, the car companies will have difficulties in achieving their goals for the sale of e-cars.

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