NEON EQUITY Announces Successful IPO of ELARIS on Munich Stock Exchange

NEON EQUITY AG, a growth facilitator and investor, has successfully managed the initial public offering (IPO) of ELARIS, an innovative company in the e-mobility sector. The IPO resulted in ELARIS' shares being traded in the m:access segment of the Munich Stock Exchange, with a starting price of EUR 40.60 per share. This initial trading price positioned ELARIS with a market capitalisation of approximately EUR 0.49 billion. Shortly after the opening, the share price increased to EUR 41.60. Additionally, plans for a future listing of ELARIS on the XETRA trading platform were announced.

NEON EQUITY AG retains just under 5% of ELARIS shares, contributing to a free float of nearly 10% at the time of the IPO. ELARIS, recognized for its contribution to the electric vehicle (EV) market, specializes in offering a range of electric car models tailored to the preferences of European consumers. These vehicles range from subcompact cars to SUVs, saloons, and vans. The company is distinct for its partnership with Chinese manufacturers to produce uniquely adapted vehicles, especially in software modifications, to meet the local market needs.

The founder and CEO of NEON EQUITY, Thomas Olek, expressed his satisfaction with the IPO's success, highlighting ELARIS's potential in the fast-growing e-mobility market. Olek affirmed NEON EQUITY's commitment to supporting ELARIS's growth trajectory as a shareholder, underscoring the strategic fit of ELARIS within NEON EQUITY's portfolio of innovative and future-oriented companies.