DuPont Registry Group, a luxury car marketplace, picked Morgan Stanley, Barclays, Jefferies and RBC for its US IPO. The deal could raise a few hundred million dollars and happen this year.
DuPont Registry Group, a marketplace and media company focused on luxury cars, has selected banks for a US initial public offering, people familiar with the matter said. The company is working with Morgan Stanley, Barclays Plc, Jefferies Financial Group Inc. and Royal Bank of Canada on the deal, which could happen as soon as this year. The first-time share sale might raise a few hundred million dollars, some of the people said.
DuPont Registry Group is also in talks with investors about potential private funding, the people added. Francois Perrodo, president of Perenco and a race car driver and collector, made a strategic investment in the company in October at a valuation that reached “unicorn status,” the company said in a statement at the time.
The IPO would add to a stop-and-start market for consumer-exposed companies amid a broader US listing boom. Data compiled by Bloomberg show the first half of the year was the best ever for US IPOs. Blackstone-backed Jersey Mike’s Subs and Cumberland Farms filed for IPOs last week. Reformation Inc., a sustainable womenswear brand backed by Permira, made its filing public at the end of June.
DuPont Registry Group’s brands include DuPont Registry, Canossa Events, Cavallino, Supercar Owners Circle, Petrolicious and Sotheby’s Motorsport, according to its website.
Deliberations are ongoing and details could change, the people said. Representatives for DuPont Registry Group, Jefferies and RBC did not immediately respond to requests for comment. Spokespeople for Morgan Stanley and Barclays declined to comment.
Among the banks involved, Morgan Stanley carries an Alpha Score of 57 and Barclays scores 59](/stocks/bcs), both rated Moderate. RBC Bearings, a separate entity from the bank, scores 52](/stocks/rbc) with a Mixed label. The broader IPO market's momentum is tracked in our stock market analysis.
Prepared with AlphaScala research tooling and grounded in primary market data: live prices, fundamentals, SEC filings, hedge-fund holdings, and insider activity. Each story is checked against AlphaScala publishing rules before release. Educational coverage, not personalized advice.