Autodoc Postpones Frankfurt IPO Without Reason

Autodoc SE, a German car parts retailer, has postponed its Frankfurt IPO without stating a reason. The IPO was set to raise up to €389 million, led by Barclays, Citigroup, Deutsche Bank, and Jefferies. The company's growth despite slowing vehicle sales in Europe was driven by a 20% increase in revenues to around €1.6 billion last year and a boost in earnings to €151 million. The IPO's status remains under consideration.

Autodoc SE, a leading German car parts retailer, has postponed its Frankfurt initial public offering (IPO) scheduled for Wednesday, June 25, 2025. The company did not provide a specific reason for the delay but stated that an IPO at a later date remains under consideration [1].

The IPO, led by investment banks including Barclays, Citigroup, Deutsche Bank, and Jefferies, was set to raise up to €389 million (approximately RM1.92 billion) [1]. The company's founders and private equity backer Apollo Global Management Inc were expected to raise funds through the IPO. The initial guidance for the deal’s pricing had shifted towards the lower end of its earlier range, positioning it as one of the largest German IPOs this year.

Autodoc SE, founded in 2008, has shown significant growth despite slowing vehicle sales in Europe. The company reported a 20% increase in revenues to around €1.6 billion and a boost in earnings before certain items to €151 million last year [1]. These figures demonstrate the company's resilience and growth potential in a challenging market environment.

The postponement of the IPO does not appear to have affected the demand for the deal, as there was enough interest to cover the full deal size. The company has not ruled out the possibility of going public at a later date, keeping the IPO under consideration [1].

References:
1. [1] http://www.theedgemarkets.com/node/760291
2. [2] https://www.eqs-news.com/news/ad-hoc/autodoc-se-autodoc-se-postpones-planned-private-placement-and-listing/c11ff08a-5c94-4759-bcba-4521747cfaa7_en