LKQ Corp. has filed with the Securities and Exchange Commission (SEC) for an initial public offering.
In the prospectus filed with the SEC, the company does not specify the number of shares it is planning to offer nor the estimated share price.
Formed in 1998, the auto recycler earned $287.1 million in revenue during 2002, with a net loss of $38.8 million according to the SEC filing.
The company plans to use the proceeds from the IPO to acquire additional recycling businesses as well as for working capital, and debt payment.
In the prospectus, the company states that they indirectly
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.