30 January 2024

On January 29th, 2024 Renault Group (EURONEXT: RNO)announced that it has decided to cancel IPO of Ampere.

Since the inception, Renault Group’s strategic approach has been to build Ampere as a separate business with a dedicated team on EV and software.

In 2022, Renault Group had announced its intention to proceed with an IPO (initial public offering) for this entity.

The latest calendar referred to the 1st half of 2024, depending on market conditions.

According to press release, Renault Group considers that the current equity market conditions are not met to optimally pursue the IPO process in the best interests of Renault Group, its shareholders and Ampere.

Renault Group decides to cancel Ampere’s IPO and confirms its EV and software strategy

Etalon Capital, Inc. provides independent research with a focus on event-driven value equities to institutional investors. Events include M&As, spin-offs, activist investors, IPOs, SPACs, buybacks, recapitalizations, asset sales, hedge fund holdings, and other significant corporate transactions. These are diversified by sources of risk as well as risk/return profiles. We generate an edge with a unique research process, combining value, focus on corporate events, and story investing principles.