Apollo-Backed Autodoc Said to Pick Banks for Fresh IPO Attempt

German online car-parts dealer Autodoc SE has picked banks to help arrange a potential Frankfurt initial public offering, several years after its previous attempt, according to people familiar with the matter.

The company selected Barclays Plc, Citigroup Inc., Deutsche Bank AG and Jefferies Financial Group Inc. to lead the share sale, which could take place next year, the people said. Its valuation in an IPO could be lower than the €10 billion ($11 billion) it was seeking in 2021, Bloomberg News has reported.

Deliberations are ongoing and details of the potential offering could still change, the people ...