Ebusco continues IPO at full speed | Financial

The shares of the manufacturer of electric buses and charging systems will cost between €21.50 and €24.50. This gives the company from Deurne a market value of approximately €1.3 billion.

Ebusco expects to raise approximately €300 million with the IPO. The company wants to invest that money in international expansion, among other things. CEO Peter Bijvelds calls the IPO “an important milestone” towards the future of his company.

Also read the extensive interview that Bijvelds gave to De Financieel Telegraaf this month:

575 kilometers on a full battery

Ebusco’s electric buses are already running in cities such as Amsterdam, Frankfurt and Munich. In total, this concerns 346 buses in seven European countries. The company’s newest bus can drive about 575 kilometers with a full battery and is expected to last about 25 years.

Ebusco was founded ten years ago and now has 214 employees. In addition to the production location in Deurne, the company also has a factory in China.

Last year, Ebusco achieved a turnover of €100 million with a so-called EBITDA margin of 27%. Bank group ING has a 25% interest in the bus maker. Private investors cannot register for the IPO.

Ebusco and Universal yes, Coolblue not for the time being

The arrival of Ebusco is a boost for the Amsterdam stock exchange. Coolblue declined to be listed on the stock exchange early last week. Last month, Universal Music Group was listed on Beursplein 5.

Ebusco continues IPO at full speed | Financial
Source link Ebusco continues IPO at full speed | Financial

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