CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

Auto Trader floats on London Stock Exchange

Article By: ,  Financial Analyst
March 19, 2015 12:26 PM

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 (March 19th) with unconditional dealing beginning on March 24th. It concludes a programme which has been running since February 26th.

Auto Trader claims to be the UK's largest car sales website and holds a strong position in the marketplace. It currently boasts around 92 per cent prompted brand awareness in the UK and believes that floating on the stock exchange will help it increase its profile even more across the country.

In its February announcement, the company said it wanted to use its listing to sell more vehicles through advertising on the marketplace, market brands and business more effectively in the digital world and to purchase the right vehicles at the right price. Auto Trader added that effectively floating on the stock exchange would also optimise stock turn and vehicle margin.

Ed Williams, chairman of Auto Trader, said at the time: "Early and sustained investment in the internet and digital technologies has allowed our customers to benefit from the advantages of the internet, whether it is car buyers finding the widest possible range of currently available vehicles, or car sellers reaching the largest number of potential buyers."

One-stop shop for motor dealers

Auto Trader has been a key stopping point for people buying and selling vehicles since it was first launched in 1977. The company originally started as a car classified ad magazine but has blossomed over the years. In 1996 it embraced the world wide web and allowed traders to purchase cars over the internet.

Its online presence meant the company could gradually phase out its print version and the final publication was released in June 2013.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024