Online seller of new and used cards, autobytel.com, has filed for a public share offering on the Nasdaq stock exchange.
A total of 4.5 million shares in the company will be on offer, at an initial price to be decided. However, given the massive response to past Internet IPOs, the price is likely to soar on its first day of trading.
The company launched in 1995 and now carries $5,000 million on vehicle sales per month. The Autobytel.com site is designed as a one stop shopping source for consumers to buy, lease, finance and insure new and used cars and lorries at low costs.
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