Auto Trader, which is 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 Auto Trader has defended its performance on the amount of traffic going to its website. The Times yesterday cited analytics business Eagle Alpha saying that web traffic at Auto Trader had shrunk by 19% year on year despite vehicle sales rising for 34 AUTO TRADER traffic dropped 19 per cent last year, according to a report in today’s Times. The newspaper quoted online analytics company Eagle Alpha which said that, despite 34 months of consecutive growth in the UK car market, Auto Trader’s website Shares in Auto Trader, the UK's biggest site for classified car ads, have hit the accelerator hard, rising more than 13 per cent in the first few minutes of trading. Conditional trading in its shares began today at 235p per share. That values Auto Trader Shares in online car marketplace Auto Trader Group rose more than 16% on their debut in London after Britain's largest ever private equity-backed listing. The flotation gave the company a market value of £2.35 billion (€3.26 billion), making it also LONDON: Shares in online car marketplace operator Auto Trader Group rose more than 10 percent after the company began trading on the London Stock Exchange on Thursday. Earlier, Auto Trader had set the price for its initial public offering at 235 pence per .
Auto Trader has announced its intention to float on the London Stock Exchange. The car classified ad website has priced its shares at 235p which brings its value up to around £2.35 billion. Conditional share dealings were launched at 08:00 GMT on Thursday Car marketplace Auto Trader's shares have made their debut on the London Stock Exchange, valuing the business at a whopping £2.35bn (€3.27bn, $3.49bn). The shares were priced at 235p a pop; at one stage, within the first 15 minutes of trading, they rose 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 The flotation gave the company a market value of £2.35 billion (RM12.85), making it also Britain’s biggest listing of any kind since the government sold shares in Royal Mail in late 2013. The company, which started out in the 1970s as a weekly magazine .
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