25th Mar 2015 18:39
LONDON (Alliance News) - Auto Trader Group PLC Wednesday said that Deutsche Bank AG, London Branch, the stabilising manager of its initial public offering has exercised its over-allotment option of 85.5 million shares in the company.
The over-allotment shares will be sold at the offer price of 235 pence per share.
That means the total size of the offer was 678.5 million shares, 67.85% of the company.
Auto Trader shares closed down 1.6% at 260.75 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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