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Auto Trader prices London listing at 235 pence per share

Reuters - UK Focus

(Repeats story with no changes)

LONDON, March 19 (Reuters) - Auto Trader Group's listing on the London Stock Exchange (Other OTC: LDNXF - news) has been priced at 235 pence per share, the company said in a statement on Thursday.

At that price, the initial public offering would raise about 437 million pounds ($650 million), valuing the business at about 2.35 billion pounds. ($1 = 0.6725 pounds) (Reporting by Nishant Kumar; Editing by Matt Scuffham)