Like Aramis of Stellantis, he will whiz on the Paris Stock Exchange
Aramis Group, a subsidiary of Stellantis, has started the process of listing on the Paris Stock Exchange. All the details
Aramis ever closer to the IPO in Paris.
The company, 70% controlled by Stellantis and specialized in the sale of used cars, has started the process of listing on the Paris Stock Exchange. The indicative price range of the shares is between 23 and 28 euros, with the founders ready for 6 million shares. All the details.
THE PRICE OF THE IPO
Let's start with the numbers of the operation. Aramis has set the price of the shares offered as of today between 23 and 28 euros, with the aim of raising between 446 and 481 million euros since their introduction on the stock exchange. The overall valuation of the French group is between 1.9 and 2.3 billion euros.
The transaction involves both the issue of new shares and the sale of existing shares. In particular, Nicolas Chartier and Guillaume Paoli, the co-founders of the company, aim to sell 6 million shares, for a total amount of at least 338 million (in the case of a placement at 23 euros).
STELLANTIS DOES NOT SELL
Stellantis, on the other hand, which is the first shareholder of Aramis with 69.71% of the capital (Psa entered the company's capital in 2016), will not sell any of its shares and will remain the majority shareholder of the group.
TIMES
The closing of the offer is scheduled for June 16th, the price will be indicated on June 17th, with the first trades on the Stock Exchange on June 18th.
GROWTH GOAL
The listing should be a first step for further growth of the French group, active in France, Spain, Belgium and the United Kingdom. “Our ambition is to become Europe's favorite digital platform for buying a used car,” said the company's founders, Nicolas Chartier and Guillaume Paoli, in a joint statement, according to Il Sole 24 Ore Radiocor.
"This IPO represents an important step for Aramis Group, which will allow us to pursue our strategy of rapid growth in existing markets and make acquisitions in new European countries, as we have been doing successfully since 2017".
HOW THE MONEY WILL BE USED
In reality, part of the money that will come from the listing in Paris, already has a destination: 120 million euros will be used to repay the loans provided by Stellantis, while 114.8 million euros will go to support external growth, as well as growth in the refurbished car sector.
THE SIGHTS OF ARAMIS
Aramis Group, specialized in the online sale of second-hand cars, owner of Cardoen since 2018, and majority shareholder of the British site CarSupermarket, for the year 2021, which will close on 30 September, aims to exceed the threshold of 1, 25 billion euros in revenues.
THE NUMBERS OF ARAMIS
The French company closed last year, as at 30 September 2020, with revenues of 831 million euros, up 16% on 2019. For the current year it is expected to exceed 1.2 billion euros , with an EBITDA margin between 2.7% and 2.9%. For the financial year to 30 September 2022, the goal is to reach 1.5 billion euros in revenues, with + 30% organic growth in used car sales.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/aramis-di-stellantis-borsa-di-parigi/ on Wed, 09 Jun 2021 07:00:36 +0000.