This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024. What Is This About? Auto1 Group's IPO on the Frankfurt Stock Exchange soared 45% on its first day of trading, creating Germany's newest tech billionaires. The online used car platform's public debut marked one of the largest European tech IPOs and validated the digital transformation of automotive retail.

Auto1 IPO surges 45%, creating Germany's newest tech billionaires, raising €1.8 bn at a €12 bn valuation.