IPO News Archive

Vehicle auction services provider KAR Holdings files for an IPO

9/14/09


KAR Holdings, which provides auction services for sellers of used and salvage vehicles, filed on Monday with the SEC to raise up to $400 million in an initial public offering. The Carmel, IN-based company, which was founded in 1989 and booked $1.7 billion in sales over the last 12 months, is backed by a group of private equity investors led by Kelso & Company. Goldman Sachs is set to be the lead underwriter on the deal. No pricing terms were disclosed.

View IPO Profile: KAR         
Related Links: Recently Filed IPOs
Source: www.RenaissanceCapital.com
Latest User Comments
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the IPO Plus Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in the IPO Plus Fund
About Fund Prospectus Invest