Tags: US | IronPlanet | IPO

Ironplanet to Raise $92 Million With IPO

Friday, 19 Mar 2010 08:23 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

IronPlanet Inc., which operates an online marketplace for used heavy equipment, plans to raise $92 million through an initial public offering.

The Pleasanton, Calif. company said in a filing with the Securities and Exchange Commission that it will use the proceeds for general corporate purposes.

Over the long run, the company said it is looking to replace the "fragmented network of brokers, dealers and physical auction houses" that make up the used capital equipment market with a more efficient online system, according to the filing made Thursday.

It plans to trade on the Nasdaq under the symbol "IRON."

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ebola's Escape From Africa by Plane Unlikely, Not Impossible

Tuesday, 29 Jul 2014 07:16 AM

Ebola, the killer of more than 670 people in four West African countries since February, has spread beyond Africa only o . . .

Study: Fist Bumps Could Cut Transmission of Germs

Monday, 28 Jul 2014 14:39 PM

Ditching handshakes in favor of more informal fist bumps could help cut down on the spread of bacteria and illnesses, ac . . .

Samsung Postpones Launch of Tizen Smartphone

Monday, 28 Jul 2014 08:31 AM

Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved