CarsDirect.com Plans Initial Public Offering.Business Editors LOS ANGELES--(BUSINESS WIRE)--May 16, 2000 CarsDirect.com today announced that a registration statement has been filed with the Securities and Exchange Commission (SEC) for the initial public offering of its common stock on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market under the trading symbol Trading symbol See: Ticker symbol CRSD CRSD Circadian Rhythm Sleep Disorder CRSD Council Rock School District (Newtown, Pennsylvania) CRSD Copper River School District (Alaska) CRSD Customer Response Solutions Deployment CRSD Customer Requested Ship Date . The managing underwriters of the offering are Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , acting as lead manager, and Chase H&Q, Robertson Stephens and E*OFFERING acting as co-managers. The public offering will be made only by means of a prospectus, which, when available, may be obtained by writing to or calling the underwriters: Merrill Lynch Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: Department 250 Vesey St. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y. 10281 212/449-8415 Chase H & Q One Bush Street San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif. 94104 415/439-3000 Robertson Stephens 555 California Street Suite 2600 San Francisco, Calif. 94104 415/781-9700 E*OFFERING One Market Steuart Tower, 4th Floor San Francisco, Calif. 94105 415/618-6200 A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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 press release does not constitute an offer to sell or the solicitation of an offer to buy. There will not be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. About CarsDirect.com CarsDirect.com (http://www.carsdirect.com) is a leading direct online provider of new automobiles and related products and services, such as loan and lease financing and extended warranties. CarsDirect.com allows consumers to research, price, configure, order, purchase and finance a vehicle online. The company's user-friendly, intuitive Web site offers consumers product information for nearly every make, model and style of new automobile available in the United States today, as well as the ability to simultaneously compare the specifications of competing vehicles. CarsDirect.com offers an online shopping experience that features competitive, up-front, no-haggle pricing on new vehicles which, in many cases, can be delivered directly and conveniently to a consumer's home or office. The company sources vehicles through a priority dealer network of more than 2,500 automotive dealer franchises nationwide. |
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