Latest news with #Autodoc
Reuters
6 days ago
- Automotive
- Reuters
Autodoc's IPO is set to value car parts retailer at $2.8 billion
June 17 (Reuters) - The planned initial public offering of Autodoc is set to value the German online parts retailer at as much as 2.4 billion euros ($2.78 billion), the company said on Tuesday. The private placement is set at a price range of 58 to 61 euros, which amounts to a total market capitalization of 2.3 to 2.4 billion euros, it said in a statement. Under the IPO, existing investors plan to sell shares for between 383 million euros and 403 million euros. The first day of trading on the Frankfurt Stock Exchange is scheduled for June 25, preceded by a private placement between June 17 and June 24, Autodoc said. The IPO, announced earlier in June, has come as a surprise after many firms previously suspended listing plans amid growing uncertainty from global trade wars. ($1 = 0.8644 euros)
Bloomberg
6 days ago
- Automotive
- Bloomberg
Autodoc Backers Seek Up to €403 Million in Frankfurt Listing
Autodoc SE 's owners are looking to raise as much as €403 million ($466 million) in one of Germany's largest initial share sales so far this year. The online car part retailer's founders and private equity backer Apollo Global Management Inc. are offering about 6.6 million shares at a price range of €58 to €61 apiece, according to a statement. The deal would give Autodoc a market capitalization of €2.44 billion at the top end of price range, according to terms seen by Bloomberg.
Yahoo
06-06-2025
- Automotive
- Yahoo
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.
Reuters
06-06-2025
- Automotive
- Reuters
Car parts retailer Autodoc plans German IPO, bookrunner says
FRANKFURT, June 6 (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 (C.N), opens new tab, Barclays (BARC.L), opens new tab, Deutsche Bank ( opens new tab and Jefferies (JEF.N), opens new tab have been mandated as joint global coordinators, according to the document.
