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Compleo Charging Solutions Plans IPO And Listing Shares On Frankfurt Stock Exchange

Compleo Charging Solutions AG, a provider of charging solutions for electric vehicles, said that it is preparing for an initial public offering and listing of its shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange this year.

The German-based company said it plans to mainly use the net proceeds from the offering to finance future growth investments to pursue its growth strategy.

Commerzbank is acting as Sole Global Coordinator and Commerzbank and ODDO BHF are acting as Joint Book runners.

Compleo Charging said it has delivered more than 25,000 charging points mainly across Europe since 2009, the majority in its German home market. It offers both technically-advanced AC and DC charging stations intended for public and semi-public, fleet and employee charging applications.

Compleo's revenues grew to 15.2 million euros in 2019 from 13.5 million euros in 2018. Revenues for the first-half of 2020 were 14.3 million euros compared to 7.2 million euros in the first-half of 2019. The company expects the growth trend to continue in the second-half of 2020.

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