Car parts retailer Autodoc plans German IPO, bookrunner says
FRANKFURT (Reuters) -German online car parts retailer Autodoc intends to list on the Frankfurt Stock Exchange via a secondary share sale, a bookrunner on the initial public offering said on Friday.
The Berlin-headquartered company's founders and the U.S. private equity firm Apollo Global Management will sell shares in the IPO.
According to the bookrunner's document seen by Reuters, the offer structure is 100% secondary, indicating that the company will not receive any additional equity capital from new shares.
The retailer, founded in Berlin in 2008, is active in 27 European countries. It mainly sells to consumers, but it is also increasingly targeting business clients, the document said.
CITI, Barclays, Deutsche Bank and Jefferies have been mandated as joint global coordinators, according to the document.
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