ATG London Stock Exchange
ATG is a global technology company that powers digital marketplaces for secondary goods. Its scalable technology connects bidders with trusted auctioneers around the world. Founded in 2012, ATG first attracted investment from ECI in 2014. After ECI sold a majority stake to TA Associates, it reinvested in the enlarged group. It also acquired Proxibid, a platform that connects buyers and sellers in North America.
Initial public offering
The auction site ATG is set to float on the London Stock Exchange, valued at around PS600 million. The auction technology group owns the Antiques Trade Gazette and Bargain Hunt. It is expected to begin trading on conditional dealings on Tuesday, with unconditional trading to follow later this week. The company was acquired by US private equity firm TA Associates last year, and is headed by former Paddy Power executive Breon Corcoran. It is looking to raise PS247 million from the IPO.
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Digital marketplace technology
Digital marketplace technology at the ATG London Stock Exchange connects auctioneers and bidders from all over the world. The company owns and operates six world-leading online marketplaces and a proprietary auction platform. Its auctions bring buyers and sellers together and help auctioneers increase the value of the lots they sell. The company employs more than 250 people and is listed on the London Stock Exchange.
The Auction Technology Group has completed its initial public offering on the London Stock Exchange. The company has issued 100 million shares and was admitted to the premium listing segment of the Official List of the Financial Conduct Authority. The company plans to use the proceeds of the offering to refinance its existing debt.
Partnership with trusted auctioneers
ATG is a leading global marketplace that connects auctioneers and bidders from more than 150 countries. Its proprietary auction platform connects bidders to over three million items for sale. The company offers a wide range of value-added services and tools that help auctioneers maximize the value of the lots they sell.
ATG was founded in 1971 as the Antiques Trade Gazette and is the world’s largest curated online auction marketplace. It connects bidders with trusted auctioneers worldwide. In 2014, ECI invested in the company. It later sold its majority stake to TA Associates and reinvested in the enlarged group. During the year that followed, ATG also acquired Proxibid, a leading auction marketplace in North America.
Tax implications
The London Stock Exchange is a public company whose shares are traded on the stock exchange. It is one of the largest in the world, and its shares are listed on more than ten exchanges around the world. The company has a large number of shares issued to its employees. These shares are held by both individuals and companies. The company has an employee benefit trust and has an employee share plan.
ATG operates world-leading marketplaces in the UK and the US, and has a proprietary auction platform that connects auctioneers to bidders and buyers globally. ATG also offers auctioneers value-added tools and services to increase the value of lots sold.
