VC-backed Auto1 to price IPO at top end of price range
February 2, 2021
Online car marketplace Auto1 is expected to price its upcoming Frankfurt IPO at the top of its range, Reuters reported. The German company set the price range of €32 to €38 per share last month. Auto1 is looking to raise around €1 billion in the IPO, which is scheduled for Thursday. The company's existing investors, which include SoftBank, will sell 15.6 million shares in the offering, with an additional 7 million available as an over-allotment option.