German online car trader Meinauto postpones IPO
11/05/2021 14:56
FRANKFURT, May 11 (Reuters) - German online car trader
Meinauto said on Tuesday that it decided to postpone its planned
stock market listing, citing "adverse" market conditions for
high growth companies.
The company had offered shares worth up to 515 million euros
in a deal that would have given it a market capitalisation of
1.2 billion to 1.5 billion euros. urn:newsml:reuters.com:*:nL8N2MQ101
The planned deal followed the IPO of used-car platform AUTO1
AG1G.DE , which it floated in early February at a valuation of
9.5 billion euros. urn:newsml:reuters.com:*:nL1N2JV2B3 urn:newsml:reuters.com:*:nL8N2KA2LE
(Reporting by Arno Schuetze
Editing by Riham Alkousaa)
((arno.schuetze@thomsonreuters.com; +49 30220133648;))