A flat debut for Stellantis-owned Aramis in Paris
18/06/2021 08:13
** Shares in Aramis ARAMI.PA trade at 23.10 euros in the
second-hand car dealer's Paris debut on Friday, up 0.4% from the
IPO price, having briefly risen as much as 1.74%
** The group, majority-owned by Franco-Italian carmaker
Stellantis STLA.MI , STLA.PA , had set its IPO price at 23
euros, implying a market capitalisation of around 1.9 billion
** Aramis, which operates Britain's CarSupermarket is
present in Belgium, France and Spain, had previously indicated a
price range of 23 to 28 euros per share urn:newsml:reuters.com:*:nL2N2NZ1YZ
** The company raised 388 mln euros ($461.72 million)through
the IPO, that could be increased to 446 mln euros via
over-allotment option
** The used car market has been very strong, which analysts
have in part linked to a global semiconductor shortage that has
affected new car production
($1 = 0.8403 euros)
((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))