Auto Trader has announced its intention to proceed with an initial public offering of its shares, on the London Stock Exchange.
The online automotive marketplace for the UK and Ireland intends to apply for the admission of its shares to the premium listing segment of the Official List of the UK Listing Authority (UKLA), with Admission expected next month.
Auto Trader holds a strong position in the market, with 80% of UK retailers advertising their forecourts via autotrader.co.uk, and 65% of UK used car transactions involve cars listed on the website.
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