Family Car Zone: Car Trader

car trader

Auto Trader Group, the British website for buying and selling used cars, said on Thursday that it had priced its initial public offering, valuing the company at 2.35 billion pounds, or about $3.5 billion. Funds advised by the European private-equity firm Auto Trader, the UK's biggest website for second-hand car sales, has formally announced plans for a £2bn stock market flotation after snubbing a takeover approach. Private equity owners Apax were approached last year by rival buyout group Hellman Auto Trader, a British-based online marketplace for new and used cars, confirmed its share offer price for the launch of its IPO today. In a regulatory statement Auto Trader said shares are priced at 235p each, making the total market capitalisation at £ The country’s largest digital automotive marketplace, Auto Trader has today affirmed the next significant step towards simplification and sent a clear message to customers and media: we are Auto Trader. Formerly, the company operated under the name Auto Trader, the UK’s biggest online marketplace for new and used cars, is planning to float on the London Stock Exchange next month, the company announced today. The firm is expecting to be admitted to trade as a FTSE 250 company and its private equity So AutoTrader has updated its Ignition app and renamed it Auto Trader Magazine UK. The magazine is still free – in fact, the existing app icon in iTunes splashes “Free to download” across its cover to make the point – but the app currently does not .

Auto Trader Group, the UK car classified company on Thursday priced 590m shares at 235p/share in its initial public offering in the London market. The stock jumped as high as 10% to trade at 268p, topping its IPO price. The company is raising £437m of net Auto Trader revealed that it plans to launch an IPO on the London Stock Exchange in March this year. Auto Trader, which is a British based online marketplace for new and used cars, said that after becoming a 100% digital business in June 2013, it has Auto Trader shares rose more than 10% in value as the group's shares made their debut on the London Stock Exchange. The UK's biggest website for second-hand car sales had set the price for its initial public offering at 235p-per-share, giving it a market Online car auction site Auto Trader roared off the forecourt yesterday in the biggest ever UK market debut by a private equity-backed group. Shares in the company, previously owned by UK buyout house Apax, rose 16.5 per cent from their listing price of .