ATLANTA, June 15, 2012 /PRNewswire/ -- AutoTrader Group today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. AutoTrader Group operates the largest digital automotive marketplace in the U.S. and is a leading provider of marketing and software solutions to automotive dealers throughout the nation.
The bookrunning managers of the proposed offering will be Goldman, Sachs & Co. and Morgan Stanley & Co. LLC.
The offering will only be made available by means of a prospectus. A copy of a preliminary prospectus, when available, may be obtained from: Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Prospectus Department (tel:+1-866-471-2526)(e-mail: prospectus-ny@ny.email.gs.com); or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department (tel:+1-866-718-1649)(e-mail: prospectus@morganstanley.com).
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About AutoTrader Group
AutoTrader Group operates the largest digital automotive marketplace in the U.S. and is a leading provider of software solutions to automotive dealers throughout the nation. AutoTrader Group's mission is to dramatically improve the way people buy and sell new and used cars. Through its AutoTrader.com and Kelley Blue Book websites, AutoTrader Group offers consumers empowering tools, content and information that increase their confidence in the car buying process. In addition, through its Software Solutions business, AutoTrader Group helps dealers source, appraise, manage, price and market their inventory, and helps them manage their consumer relationships. AutoTrader Group is headquartered in Atlanta, Georgia.
SOURCE AutoTrader Group