Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeInvestorCar dealer Global Auto is said to weigh Toronto IPO this yearThe company owns Canada’s Alpha Auto Group and Wismo Group in the Nordic region, among othersAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Global Auto works with brands including BMW, Ford, Honda, Toyota and Audi. Photo by Kirill KUDRYAVTSEV /AFP via Getty ImagesGlobal Auto Holdings Ltd., the owner of car dealer franchises including the United Kingdom’s Lookers, is exploring an initial public offering in Toronto, according to people familiar with the matter.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe company, which also owns Canada’s Alpha Auto Group and Wismo Group in the Nordic region, is weighing going public as soon as this year, the people said, asking not to be identified as the details aren’t public. Global Auto has built the business through acquisitions, most recently Mercedes Benz AG’s Berlin-Brandenburg branch in May, which has seven locations and more than 1,100 employees.Deliberations are ongoing and details of the listing could change, the people said. Global Auto declined to comment.Canada's best source for investing news, analysis and insight.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Investor will soon be in your inbox.We encountered an issue signing you up. Please try againFounded in Canada and headquartered in London, Global Auto works with brands including BMW, Ford, Honda, Toyota and Audi. The company has about 7,500 associates across franchise dealerships and third-party dealerships and a network of workshops in eight countries, generating about US$8 billion in revenue, according to its website.Global Auto acquired Lookers in 2023 and delisted the company from the London Stock Exchange. It went on to buy the import and digital businesses of Denmark’s KW Bruun in a US$1.17 billion deal the following year, and renamed it Wismo Group.—With assistance from Pablo Mayo Cerqueiro. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.