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AutoTrader.com files for a $300 million IPO

By Renaissance Capital,  June 15, 2012, 06:29:52 PM EDT

AutoTrader.com, which operates the largest online automotive marketplace, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The Atlanta, GA-based company, which was founded in 1997, owns the AutoTrader.com and Kelley Blue Book brands. AutoTrader.com booked $1.1 billion in sales for the 12 months ended March 31, 2012 and plans to list on the NASDAQ under the symbol ATG. Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

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