Coordinated approach of pre-IPO investors removes uncertainties; BUY

The full update is avaible on:

Read

 

What's it all about ?

This morning, AUTO1 reported that a consortium of pre-IPO shareholders have agreed to coordinate a potential sales in AUTO1 shares if they intend to sell in the future. The group of shareholders represent c. 12% of the share capital and therefore would have a significant market impact if a sales would be executed via the market. In the same news, the group of shareholders also reiterate that no immediate sale is currently planned. We therefore welcome today’s announcement as it removes some uncertainties around a potential sales of pre-IPO investors. In any case, we see AUTO1 being significantly undervalued, given its strong growth trajectory ahead and ability to monetize its market position in the long term. We therefore reiterate to BUY, PT unchanged at EUR 30.00.

Disclaimer: www.research-hub.de/dd