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Berlin (dpa) - The online used car dealer Auto1 wants to go public on February 4th.
The company set the price range for the shares at 32 to 38 euros, as Auto1 announced on Monday in Berlin.
Up to almost 31.3 million new papers from a capital increase are to be sold, plus a good 15.6 million shares from previous owners.
A further 7 million shares could be placed via an over-allotment option.
According to the information, two anchor investors are buying shares for around 300 million euros at the offer price.
The offer is scheduled to begin on January 26th (Tuesday) and end a week later on February 2nd.
With the initial listing (IPO - Initial Public Offering), Auto1 intends to raise around a billion euros.
750 million euros of the remaining net proceeds are to be put into own growth, with the remainder being used to pay off debts.
© dpa-infocom, dpa: 210125-99-157521 / 2