IronPlanet Files Registration Statement for Initial Public Offering

Fri April 02, 2010 - National Edition

IronPlanet Inc., an online marketplace for used heavy equipment, filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The shares in the offering will be offered by IronPlanet and certain selling stockholders. The number of shares to be offered and the price range for the offering have not yet been determined.

J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. will be acting as joint book-running managers for the offering, with Cowen and Company, Piper Jaffray & Co. and Needham & Company LLC acting as co-managers.

The offering will be made by means of a prospectus. When available, a copy of the preliminary prospectus may be obtained from J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, N.Y. 11717, or by calling toll-free at 866/803-9204; or from Deutsche Bank Securities Inc., via telephone: 800/503-4611; or standard mail at 100 Plaza One, Jersey City, N.J. 07311 Attn: Prospectus Department.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.