Autodoc Eyes 2025 IPO with Apollo Support

Autodoc SE, a German online retailer specializing in automotive components, is eyeing an initial public offering (IPO) in Frankfurt by 2025. Supported by the U.S.-based investment firm Apollo Global Management Inc., Autodoc has engaged major financial institutions, including Barclays, Citigroup, Deutsche Bank, and Jefferies, to serve as bookrunners for the anticipated IPO. The offering aims to culminate in a company valuation of approximately 10 billion euros. This strategic move follows Apollo's acquisition of a minority stake in Autodoc for 2.3 billion euros earlier in 2024. The decision to pursue an IPO marks a continuation of efforts started in 2021, when Autodoc initially attempted to list amidst a European IPO surge. Autodoc's business operations include an online platform with over 7 million active users, generating revenues of 1.3 billion euros in 2023. Headquartered in Berlin, Germany, the company boasts a workforce exceeding 5,000 individuals across 10 countries.