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Bike24 sets final IPO price at 15 euros per share

June 22 (Reuters) - German online bike dealer Bike24 said on Tuesday that 15 euros ($17.91) per share is the final price for its private placement on the Frankfurt stock exchange, which would give it a market value at the bottom of the expected range.

In a statement published earlier on Tuesday, the company announced a price range of 15-19 euros per share, which would translate to a market value of 662 million to 812 million euros.

The deal follows the IPO of online used car dealer Auto1 earlier this year as the COVID-19 pandemic coupled a boom for e-commerce and private means of transport. ($1 = 0.8376 euros) (Reporting by Zuzanna Szymanska in Gdansk Editing by Chris Reese)

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