Auto Trader LSE IPO

Overview:

• Auto Trader has raised £1.39 billion through its IPO on the LSE.
• The company is a British online marketplace for new and used cars.
• Shares were initially priced at 235p each, giving the company a value of £2.35 billion ($3.49bn). Auto Trader listed 590,000,000 shares worth 59% of the company.
• The IPO is the largest on the LSE since 2013. 
• The company had been owned by private equity house Apax.

Sam Duke - Editor