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Auto1 Group: IPO in the Prime Standard

The Auto1 Group is planning an IPO. Frankfurt is expected to be listed on the regulated market (Prime Standard) for the first time in the first quarter. The announcement does not come as a complete surprise. The company had already been listed as an IPO candidate for 2021 on the relevant lists.

When the company goes public, there should be a capital increase, and existing shareholders want to hand over papers. The capital increase should bring a gross amount of around 1 billion euros into the company. Of this, 750 million euros are to be invested in further growth. The remaining money is to be used to repay an existing convertible bond.

Auto1 Group offers an online platform on which both consumers and commercial car dealers can buy and sell used cars. In 2019, the company had a turnover of around 3.5 billion euros. 615,000 cars were sold. The company is active in more than 30 countries. Auto1 Group was founded in 2012. The group includes the website wirkaufendeinauto.de.

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