Auto1 shelves IPO plans in the wake of an investment from SoftBank

SoftBank’s Vision Fund has invested $561 million in Auto1. On Monday, Auto1, a German used-car dealing platform stated that having received an investment of $561 million (460 million euro) from Japan’s SoftBank, the pressure to tap revenues through an initial public offering (IPO) for its pan-European growth plans, has eased significantly. The SoftBank Group, invested…