Car Pictures: Car Trader

car trader

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 £ 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 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 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 Private equity firm Apax revved up a potential £2 billion float of used car market Auto Trader in the biggest public offering of the year so far in London. Apax first bought into Auto Trader in 2007, buying a 49.9% stake from Guardian Media Group, and 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 .

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 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 Auto Trader has signalled its intention to float on the London Stock Exchange. The group, which generated revenues of £237.7m and earnings of £136.1m in its last financial year, is expected to go straight into the FTSE 250 list of leading public companies. Online car market firm Auto Trader is planning to list on the Stock Market. The Manchester company, which also has a London base, could be valued at around £2billion. Auto Trader moved staff into Manchester city centre last year and employs 600 people in .