Sequoia said it was investing $ 7.2 billion in Auto1 before the IPO

Sequoia and Lone Pine have also reported plans to invest at least € 50 million each in the upcoming Auto1 IPO.

Photographer: Igor Golovniov / SOPA Images / LightRocket via Getty Images

Photographer: Igor Golovniov / SOPA Images / LightRocket via Getty Images

Sequoia Capital has agreed to invest in Auto1 Group SE with a valuation of around 6 billion euros ($ 7.2 billion) in advance of the German online car exchange platform’s initial public offering, people familiar with the matter said. .

US venture capital firm and rival fund Lone Pine Capital has reached a preliminary agreement to purchase around € 50 million of Auto1stock from former investor DN Capital, according to people, who asked not to be identified because the. .

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  • According to this source Sequoia said it was investing $ 7.2 billion in Auto1 before the IPO
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