American Tire Distributors Plans IPO

North Carolina, US based wholesaler American Tire Distributors Holdings has lodged registration documents with the US Securities and Exchange Commission to initiate proceedings for a proposed initial public offering of its common stock. The company, who claims to be the largest replacement tyre distributor in the United States, intends to list its common stock on the New York Stock Exchange under the symbol "ATD", however it has not yet determined the number of shares to be offered and the price range for the offering.

The common stock shares to be sold in this offering are proposed to be sold by American Tire Distributors, with shares to satisfy the underwriters’ overallotment option to be sold by certain existing stockholders. American Tire Distributors will not receive any of the proceeds from the sale of shares by the selling stockholders.