Cliff Banks's Blog – June 2012 Archive (1)
Want to Own a Piece of AutoTrader? Here's Your Chance
Last night, AutoTrader filed registration papers with the Securities Exchange Commission to go public. The IPO is slated to start at around $300 million, and will be used to pay off debts, according to AutoTrader.
The company did not indicate how many shares (they will be common stock) or at what price they will be offered. Neither was a date provided, but it should happen before the end of the year.
We had heard rumblings AutoTrader was going to make this move either…
Added by Cliff Banks on June 16, 2012 at 9:28am — 6 Comments
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