Type to search

Allego N.V. Begins Trading on the New York Stock Exchange Under New Ticker Symbol “ALLG”

Allego N.V. Begins Trading on the New York Stock Exchange Under New Ticker Symbol “ALLG”

Allego N.V., a leading pan-European electric vehicle charging network, announced that its ordinary shares and warrants will begin trading on the New York Stock Exchange today, March 17, 2022, under the symbols “ALLG” and “ALLG.WS,” respectively. Allego’s listing follows the previously announced completion of Allego’s business combination with Spartan Acquisition Corp. III (“Spartan”).

Allego’s management will participate in an opening bell ceremony at the New York Stock Exchange today at 9:30 am ET to celebrate the public listing.

“It is a tremendous honor to bring Allego to the public markets, a company that’s integral to the electric vehicle industry and creating a cleaner world,” said Mathieu Bonnet, Chief Executive Officer of Allego. “The electric vehicle future has arrived, and we are proud to be at its forefront, providing critical infrastructure for EV drivers. Since our founding, we have experienced tremendous growth, and the demand for effective and convenient charging services increases each day. As a public company, we’re confident we have the right strategy, team and capital to continue meeting the needs of the expanding EV market.”

Bonnet continued, “I want to thank the entire Allego team and our partners at Spartan for their hard work and dedication throughout this process. Going public validates Allego’s innovative technology, effective business model that has led to a strong backlog, and our exemplary team endeavors. We look forward to supporting electrification as a public company in Europe, where there is significant momentum in EV sales.”

“Allego is a leading EV infrastructure business in a massive market that’s still in the early innings of electrification,” said Olivia Wassenaar, Head of Sustainable Investing at Apollo. “Allego’s steady growth across Europe and marquee partners are testaments to its superior network and variety of charging solutions.” Corinne Still, Apollo Partner, added “At Spartan and Apollo, we are committed to investing in growing businesses focused on decarbonization, and are pleased to support Allego as a public company.”

“We at Meridiam are proud to be at the forefront of EV charging investment, and to have supported Allego’s pan-European expansion,” said Julien Touati, Vice Chair of the board of Allego and Partner at Meridiam, Allego’s majority owner. “Our investment in Allego represents Meridiam’s commitment to sustainability and the energy transition. Today we are especially pleased to witness Allego enter the public markets, and we are fully committed to supporting Allego’s future efforts to electrify Europe.”

Source: Allego N.V.


Related Articles

Leave a Comment

Your email address will not be published. Required fields are marked *