AUTODOC is going public with A&O Shearman

AUTODOC has set the price range for its planned private placement (the “private placement”) at EUR58.00 to EUR61.00 per share. The private placement and subsequent listing of the Company’s shares on the Frankfurt Stock Exchange is subject to approval of a listing prospectus by the German Federal Financial Supervisory Authority (BaFin) and the publication of the prospectus.

The final number of placement shares to be actually placed and the final placement price will be decided by the selling shareholders in consultation with the joint global coordinators, based on the order book prepared during the bookbuilding process. The bookbuilding period started on June 17, 2025 and is expected to end on June 24, 2025. Trading of AUTODOC’s shares on the regulated market (Prime Standard) of 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 to institutional investors in Germany and certain countries outside Germany is consisting of up to 6,608,696 existing shares from the selling shareholders as well as up to 991,304 existing shares from the holdings of the selling shareholders to cover potential over-allotments.

Assuming full exercise of potential over-allotments, the size of the private placement will range from EUR441 million to EUR464 million, implying a free float of 19% of the outstanding share capital. Based on the price range set, the total market capitalization amounts to between EUR2.3 billion and EUR2.4 billion.

Barclays Bank Ireland PLC, Citigroup Global Markets Europe AG, Deutsche Bank Aktiengesellschaft and Jefferies GmbH are acting as Joint Global Coordinators and Joint Bookrunners in connection with the Private Placement and Apollo Capital Solutions Europe B.V., Banco Santander, S.A. and UniCredit Bank GmbH are acting as Joint Bookrunners.

AUTODOC is the leading digital pure-play automotive parts platform in Europe. The Company was founded in Berlin in 2008 by Alexej Erdle, Max Wegner and Vitalij Kungel. Since November 2022, the Company has been operating as the European corporation Autodoc SE. As of December 31, 2024, AUTODOC’s product assortment comprises around 6.7 million SKUs from around 2,500 brand manufacturers, including car parts, truck parts, motorcycle parts, tires, as well as adjacent products such as tools, accessories, oils and liquids and consumables and has significantly increased over time. In 2024, AUTODOC generated Sales Revenue of EUR1.6 billion (2023: EUR1.3 billion). AUTODOC has online shops in 27 European countries and employs around 5,000 people in 13 locations: Germany, Belgium, Czech Republic, France, Italy, Kazakhstan, Luxembourg, Moldova, the Netherlands, Poland, Portugal, United Kingdom, and Ukraine.

The A&O Shearman team is led by partners Dr. Christian Eichner (Corporate/M&A, Düsseldorf), Dr. Knut Sauer, and counsel Nadine Kämper (both ECM, both Frankfurt). The team also includes partners Dr. Heike Weber (Tax, Frankfurt), and Catharina Glugla (Data Protection, Düsseldorf), counsel Kyrill Chilevych (Corporate/M&A, Düsseldorf), senior associates Eva Hohmann (Corporate/M&A, Düsseldorf), and Lorena Exner (Tax, Frankfurt), as well as associates Dr. Christina Vossen (Corporate/M&A, Düsseldorf), Lasse Ostholt (Corporate/M&A, Düsseldorf), and Daniel Lenz (ECM, Frankfurt).

Advice on U.S. law is provided by partners Marc Plepelits (Frankfurt) and Jeff Hendrickson (London), senior associates Martin Schmidt and Rita Nicole Thomas (both Frankfurt, all U.S. Corporate Finance).

In-house, General Counsel Freiherr Maximilian von Schorlemer provides legal advice.

It was only in May of this year that an A&O Shearman team advised the underwriting banks on the IPO of PFISTERER Holding SE on the Frankfurt Stock Exchange, which was the first IPO in Germany in 2025.