Renaissance Capital logo

KAR Auction Services quiet period ends January 19

January 14, 2010
KAR

KAR Auction Services, which provides auction services for sellers of used and salvage vehicles, will see its quiet period end next Tuesday, Jan. 19. On Dec. 10, 2009, the company raised $300 million by offering 25 million shares at $12, below the range of $15-$17. Goldman Sachs, Credit Suisse, and BofA Merrill Lynch acted as lead managers on the deal.