Shares in Auto Trader Group, the company behind the UK’s largest car classifieds website, rose strongly on their market debut, gaining 13.5 per cent. The company priced its stock market flotation at 235p a share, giving it an initial market Auto Trader has defended its performance on the amount of traffic going to its website. The Times yesterday cited analytics business Eagle Alpha saying that web traffic at Auto Trader had shrunk by 19% year on year despite vehicle sales rising for 34 Shares in Auto Trader, the UK's biggest site for classified car ads, have hit the accelerator hard, rising more than 13 per cent in the first few minutes of trading. Conditional trading in its shares began today at 235p per share. That values Auto Trader AUTO TRADER traffic dropped 19 per cent last year, according to a report in today’s Times. The newspaper quoted online analytics company Eagle Alpha which said that, despite 34 months of consecutive growth in the UK car market, Auto Trader’s website Shares in online car marketplace Auto Trader Group rose more than 16% on their debut in London after Britain's largest ever private equity-backed listing. The flotation gave the company a market value of £2.35 billion (€3.26 billion), making it also LONDON: Shares in online car marketplace operator Auto Trader Group rose more than 10 percent after the company began trading on the London Stock Exchange on Thursday. Earlier, Auto Trader had set the price for its initial public offering at 235 pence per .
Car marketplace Auto Trader's shares have made their debut on the London Stock Exchange, valuing the business at a whopping £2.35bn (€3.27bn, $3.49bn). The shares were priced at 235p a pop; at one stage, within the first 15 minutes of trading, they rose Auto Trader Group, the UK car classified company on Thursday priced 590m shares at 235p/share in its initial public offering in the London market. The stock jumped as high as 10% to trade at 268p, topping its IPO price. The company is raising £437m of net The prospect of an Apple Car is another huge market, he thinks: ”Using IHS Automotive auto unit estimates and pricing from Kelley Blue Book, we estimate a $549 billion opportunity in the U.S. market.” And he’s bullish on the prospect of expanding Auto Trader has announced its intention to float on the London Stock Exchange. The car classified ad website has priced its shares at 235p which brings its value up to around £2.35 billion. Conditional share dealings were launched at 08:00 GMT on Thursday .
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