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Online auctioneer Liquidity Services Inc. announces terms for its IPO

January 17, 2006

Liquidity Services, a leading online auction marketplace for wholesale, surplus and salvage assets, plans to offer roughly 7.7 million shares at a range of $9-$11 and has a proposed market cap of $273 million, according to an amended statement filed with the SEC on Tuesday. Lead underwriter Friedman Billings has yet to announce a specific pricing date for the deal.