The Ebro automobile company (EV Motors) has notified its intention to enter into trading on the Spanish Stock Exchange (BME) at the initial price of 6.88 euros per share, which implies values the resurgent Spanish automobile brand at nearly 329 million euros. Although the date of its IPO within BME Growth is not yet known, the company could take advantage of the autumn window as planned in the Europastry casethe other company preparing its IPO.
Ebro, allied with the Chinese company Chery to manufacture a whole range of vehicles in its Barcelona factory (formerly Nissan), recently carried out a capital increase with which it raised 40 million euros. Money that will help the company start assembling and producing cars from the third quarter. In fact, the company achieves this valuation of 328.8 million euros based on the number of current shares (47.79 million) at a price of 6.88 euros.
Production and sales figures are still far from being comparable to those of other brands in the European automobile industry such as Volkswagen or Stellantis. However, Ebro’s plans reflect rapid expansion with the help of its Asian partner that would even allow the company to exit BME Growth and be elevated to the continued market. And the Spanish company plans to sell vehicles from 1,400 current vehicles to exceed 132,000 vehicles in 2029. Concerning the evolution of its gross operating profit, this would mean going from the losses expected this year to 22.1 million euros in 2025 and more than 250 million by 2029.
He the automotive sector is not going through its best momentgiven the weak demand in the Asian market and the open war to conquer the electric vehicle segment. This will be one of main risks that the Ebro will face in the coming months and that may work against his jump to the hardwood. However, the company still plans to begin assembly of its first two models (S700 and S800) in the latter part of this year and add three additional new models at its Barcelona factory starting in 2025.
Ebro (EV Motors) would be the fourth company to join BME Growth this year. This week he announced his intention to go public Optare Solutions (focused on digital services) at a price of 6.25 euros, which would imply a total valuation of the company of 22 million euros. “This incorporation now brings the number of new companies from the expanding BME markets to around twenty, demonstrating the attractiveness of the financial markets for companies, whatever their size, who must be encouraged to list and diversify their sources of investment”, commented the general director of BME Croissance, Jesús González.
