KAR Auction Prices IPO

KAR Auction Services Inc., a Carmel, Ind.-based provider of vehicle auction services in North America, raised approximately $300 million via its IPO. The company priced around 25 million common shares at $12 per share, compared to its plans to sell 23 million shares at between $15 and $17 per share.

KAR plans to trade on the NYSE under ticker symbol KAR, with Goldman Sachs and Credit Suisse serving as co-lead underwriters.

Shareholders include Kelso & Co. (42% pre-IPO stake), Parthenon Capital, Goldman Sachs and ValueAct Capital. www.karholdings.com