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IPO: Berlin car site Auto1 hopes to raise €1 billion


IPO: Berlin car site Auto1 hopes to raise €1 billion
The online used car dealer says it will debut in the first quarter.
okb/dpa, 13.1.2021 - 10:51 Uhr
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Photo: imago images/WaldmüllerBeamers for sale. Is Auto1 another Berlin unicorn?
Berlin - Online used car dealer Auto1 wants to raise around €1b in a long-telegraphed initial public offer. 
The company said it will sell new shares in the offer, which is expected in the first quarter. The bulk of the sale – about €750m – will be invested in growth while the outstanding proceeds will be used to satisfy a convertible bond.  ....

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