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 managed to secure such a large market share that now was right time to float. "Auto Trader has been the However, in 2013 Trader Media made the bold decision to close its car classifieds magazine and become a digital online publication only. Since then Auto Trader has instead worked hard to shift interest online and has grown its online revenues at 7pc a year 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, 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 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 LONDON, March 19 (Reuters) - Shares in online car marketplace Auto Trader Group rose more than 16 percent on their debut in London on Thursday after Britain's largest ever private equity-backed listing. The flotation gave the company a market value of 2.35 .
Funds advised by the European private-equity firm Apax Partners bought out its joint venture partner in Trader Media Group last year and renamed the company after its most popular online brand, Auto Trader. Auto Trader priced its offering at £2.35 a share. It has since accelerated Auto Trader's transition from being a print publisher to online-only marketplace. The business has made that transition more effectively than many of its peers in the classified advertising business. Earnings before interest Online marketplace operator Auto Trader is to seek a full listing on the London Stock Exchange via a placing to institutional investors. The listing should see the company parachute its way into the FTSE 350. The company, which operates the autotrader.co A Meadow Heights man has been fined for buying and selling 12 cars online without a licence. Earlier this year, Consumer Affairs Victoria began investigating claims Mustapha Ali Ali had bought and sold 12 cars within a 13-month period without holding a .
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