After the bankruptcy, the electric car start-up was taken over by the Dutch investor ND Industrial Investments.
(Photo: imago images / Rupert Oberhäuser)
Frankfurt, Dusseldorf According to financial circles, the electric car start-up Next Ego is planning a stock market listing in the first half of 2022. Both a normal IPO and a so-called spac deal could be considered, in which the company would merge with an already listed company shell and thus quickly get a listing received.
The company, which could be valued at around 1.5 billion euros in the deal, intends to raise money to finance planned growth steps, according to several people familiar with the matter. The investment bank Citi is organizing the process.
“As with other players in the EV (electric vehicle mobility) sector, there comes a point with a young company like ours where you have to transform from a private to a public company in order to accelerate growth,” said Next-Ego -Chairman of the Board of Directors Ali Vezvaei the Handelsblatt. “That time is not far off for Ego.” Citi declined to comment.
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