Sources: as German car trading service Auto1 plans its IPO, Sequoia and Lone Pine will each buy ~€50M in shares from existing investors and put €50M+ in its IPO (Bloomberg)

March 5, 2023

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Sources: as German car trading service Auto1 plans its IPO, Sequoia and Lone Pine will each buy ~€50M in shares from existing investors and put €50M+ in its IPO — – Lone Pine also purchases stock from early backer DN Capital — Both funds want to buy more shares in Auto1’s planned IPO..

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