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Metzler Capital Markets accompanies the IPO of Auto1 Group

Shares in start-up company Auto1 listed at the upper end of the price range at initial issuing

In cooperation with Crédit Agricole, Metzler Bank was the only German private bank to accompany the IPO of Auto1 Group. The IPO took place on February 4 when Auto1's shares were listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. 48.2 million shares were issued at EUR 38 per share, which represented the upper end of the price range (EUR 32 to 38). This corresponded to an issue volume of more than EUR 1.8 billion.

Together with Crédit Agricole, Metzler Capital Markets was mandated to act as Co-lead Manager and provided know-how and access to investors for research and marketing purposes. Based on a detailed research report, Metzler Capital Markets informed German and international investors in around 60 meetings in the run-up to the IPO. The issue was oversubscribed ten-fold. Due to Auto1's strong positioning in the European market and good growth prospects, demand for the newly placed shares from Metzler clients alone would have been sufficient to successfully complete the first IPO in Germany this year.

About Auto1

Used car dealer Auto1 Group is a start-up company from Berlin. It was founded in 2012 by Christian Bertermann and Hakan Koç, who still jointly hold around 30% of the shares after the IPO. Auto1 employs over 4,000 people in 30 countries and trades more than 3,000 vehicles daily. Auto1 operates three internet platforms:, and Autohero. Cars are inspected and purchased in more than 120 branches. is an online B2B marketplace for buying and selling used cars that is utilized by more than 60,000 dealers in over 30 countries. Autohero is an online car dealer for premium used cars.

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This document constitutes promotional material published by B. Metzler seel. Sohn & Co. AG (Metzler).

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This document is provided for advertising purposes only and does not constitute or form part of any offer or solicitation of any offer to buy securities, other financial instruments or other investment instruments. This document does not meet the legal requirements for ensuring impartiality of investment recommendations pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Section 20 (1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of April 16, 2014 regarding market abuse (Market Abuse Directive) to which Articles 4 and 6 of the Delegated Regulation (EU) 2016/958 of the Commission of March 9, 2016 apply in addition to the Market Abuse Directive. Metzler does not act as investment advisor or portfolio manager in preparing this document. This document does not constitute personal investment advice.

The information, opinions, estimates, recommendations and forecasts contained in this document reflect the personal views of the author at the time of publication on the financial instruments or issuers that form the subject of this document and do not necessarily reflect the opinions of Metzler, the issuer or third parties. They may also be subject to change on account of future events and developments. Metzler has no obligation to amend, supplement or update this document or to otherwise notify recipients in the event that any information, opinions, estimates, recommendations or forecasts stated herein should change or subsequently become inaccurate, incomplete or misleading. The model calculations contained in this document, if any, are examples showing the possible performance and are based on various assumptions (e.g. regarding earnings and volatility). The actual performance cannot be guaranteed, warranted or assured.

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