Banks waive AUTO1 lock-up to let shareholders sell
![AUTO1_flags_alamy_575x375_June2.jpg](https://assets.euromoneydigital.com/dims4/default/5ad826f/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F03%2Fee%2Fc5d17a85e26cc0b2910d1dd091d8%2Fauto1-flags-alamy-575x375-june2.jpg)
The banks that ran the €1.6bn IPO of AUTO1, the online car selling marketplace, waived a lock-up agreement on Tuesday night to allow a group of pre-IPO shareholders to sell a 4.6% stake in the company. The trade could have been controversial given there remains some debate about early lock-up waivers but it was warmly received by investors.
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