VEB wants clarity about Fastned unnatural price hike


The Vereniging van Effectenbezitters (VEB) asks stock market operator Euronext for clarity about the IPO of Fastned. On the first trading day last Friday, the rate of the operator of fast charging stations increased fivefold.
That is remarkable in view of the difficult run-up to the IPO in Amsterdam, says the investor association. The organization asks Euronext for confirmation that the rules regarding tradability have been observed.
According to the VEB, interest in Fastned was not too great among investors. The company postponed the issue of new shares because of the increased uncertainty about government policy for tax incentives for electric driving in the Netherlands. As a result, it was only possible to trade in so-called depository receipts, or receipts for shares.

One of the reasons for Fastned’s price explosion is probably the scarcity of freely tradable depositary receipts for shares. More than 80 percent of the certificates are under the control of Fastned founder Bart Lubbers and CEO Michiel Langezaal. They have previously indicated that they are holding their documents.

By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

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