Autodoc GmbH
The firm did not provide a reason for its choice, but stated in a release that “the company and shareholders are still contemplating an IPO at a future time.”
The company's stocks were originally set to debut on the Frankfurt Stock Exchange on June 25. Autodoc planned to issue approximately 6.6 million shares. The original price range was established at €58-61 for each share, but it was updated to €58-59 on Monday.
Though priced lower, the IPO would still rank among the largest in Germany this year. The placement's volume might have surpassed €400 million, while the overall market capitalization of the company reached €2 billion.
The IPO was facilitated by Barclays, Citigroup, Deutsche Bank, and Jefferies Financial Group.
The process for IPO applications concluded earlier. The company released a statement delaying the initial public offering approximately thirty minutes afterward. Media reports indicate that demand fully encompassed the entire announced placement volume.
source: reuters.com
The company's stocks were originally set to debut on the Frankfurt Stock Exchange on June 25. Autodoc planned to issue approximately 6.6 million shares. The original price range was established at €58-61 for each share, but it was updated to €58-59 on Monday.
Though priced lower, the IPO would still rank among the largest in Germany this year. The placement's volume might have surpassed €400 million, while the overall market capitalization of the company reached €2 billion.
The IPO was facilitated by Barclays, Citigroup, Deutsche Bank, and Jefferies Financial Group.
The process for IPO applications concluded earlier. The company released a statement delaying the initial public offering approximately thirty minutes afterward. Media reports indicate that demand fully encompassed the entire announced placement volume.
source: reuters.com