28 May 21

Used-car group Aramis ready for Paris IPO

All systems are go for the initial public offering (IPO) of Aramis Group. The French financial markets authority has approved the document which Aramis, a used-car sales specialist, needs to proceed with its IPO on the Paris stock exchange. The company, which is 70% owned by Stellantis (the OEM born of the merger between PSA and FCA), aims to raise €250 million from the operation.

Aramis operates used-car sales platforms in the UK, France, Spain and Belgium. The company has a relatively small share of the used-car sales market – 1.5% in France, for example – but aims to expand swiftly in the booming, but still very fragmented online used-car market, mainly through acquisitions.  

The forecast for Aramis earnings in the year preceding 1 October 2021 are €1.25 billion, up from €1.1 billion in the previous year. Aramis Group declined to comment on the overall valuation it was aiming for with its IPO. AUTO1, a German used-car sales platform, raised about €1 billion with its IPO in Frankfurt earlier this year, resulting in a total valuation of €7.9 billion. 

Aramis Group’s impending IPO underlines the growing importance of online used-car sales channels in Europe. This is also the topic of an upcoming episode of the Remarketing Expert Track organised by Fleet Europe.

Click here for more information on the event, which will take place online on 22 June, from 1 to 5 pm CET

Authored by: Frank Jacobs