S&C Advises AUTO1 in Germany’s First IPO of the Year

February 2, 2021

Updated on February 19, 2021

In Germany's first IPO of the year, AUTO1 Group SE priced its initial public offering on February 2 at €38 per share, the upper end of the price range. Gross proceeds reached €1.8 billion, making AUTO1's IPO the biggest initial public offering in Germany since June 2019 and one of the biggest German offerings of the past two decades. The company's shares began trading on the Frankfurt Stock Exchange on February 4.

AUTO1 Group is a multi-brand technology company that operates Europe's largest wholesale platform for used cars. Under its consumer brands it allows consumers to sell their cars, under its merchant brand it operates Europe's largest wholesale platform for car trading professionals and with its retail brand AUTO1 Group develops consumer experience to buy used cars online.

This deal marks another successful e-commerce IPO for the Frankfurt office, which has previously advised clients such as Delivery Hero, Hello Fresh, Jumia Technologies and Rocket Internet. 

The Frankfurt-based S&C team advising AUTO1 includes Carsten Berrar, Krystian Czerniecki and Felix Ganzer.