Autodoc's IPO Set to Value Car Parts Retailer at $2.8 Billion

Autodoc, a German car parts retailer, is set to go public with an IPO that values the company at $2.8 billion. The company was acquired by Apollo Global Management in 2019. The IPO will provide funding for Autodoc to expand its operations and compete with other e-commerce retailers.

Autodoc SE, the leading digital pure-play automotive parts platform in Europe, has announced the price range for its planned private placement. The company has set the price range at €58.00 to €61.00 per share [1]. This private placement is expected to commence on June 17, 2025, and end on June 24, 2025. Trading of Autodoc's shares on the Frankfurt Stock Exchange is expected to begin on June 25, 2025, under the trading symbol "AUTD" and the international securities identification number (ISIN) DE000AUTD0C3.

The private placement is expected to consist of up to 7,600,000 existing ordinary registered shares, with 6,608,696 shares from the holdings of the selling shareholders, including Apollo Global Management. The remaining 991,304 shares will be used to cover potential over-allotments. Assuming placement of all secondary placement shares and full exercise of the greenshoe option, the free float is expected to be 19% of the outstanding share capital.

The private placement is expected to raise between €441 million and €464 million, implying a total market capitalization of between €2.3 billion and €2.4 billion. The members of the Management Board intend to acquire secondary placement shares at the placement price in an aggregate amount ranging from at least €750,000 to up to €1.5 million in total for both members.

The private placement and subsequent listing of Autodoc's shares on the Frankfurt Stock Exchange are subject to approval of a listing prospectus by the German Federal Financial Supervisory Authority (BaFin) and publication of the prospectus. The listing prospectus will be made available on Autodoc's Investor Relations website (ir.autodoc.group) following approval by BaFin.

Autodoc, founded in 2008, has grown into one of the most exciting eCommerce companies in Europe. With a product assortment of around 6.7 million SKUs from around 2,500 brand manufacturers, the company generated sales revenue of €1.6 billion in 2024. The company operates online shops in 27 European countries and employs around 5,000 people in 13 locations.

References:
[1] https://www.eqs-news.com/news/corporate/autodoc-sets-price-range-for-planned-private-placement-at-e58-00-to-e61-00-per-share/873027e9-89e4-4005-ad3a-c8104916827e_en