Construction News

26/04/2010

Dublin-based US Company In NASDAQ Move

A Dublin-based American firm could raise up to $92 million (€69 million) in a planned NASDAQ floatation.

IronPlanet, which runs online auctions of used construction equipment, set up its European headquarters in Blanchardstown 18 months ago, according to a report in the Sunday Business Post.

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The company has filed a pre-flotation registration statement with the US Securities and Exchange Commission, although it has not finalised a date for the listing or said what stake in the firm will be listed.

In 2009, IronPlanet sold 30,000 pieces of equipment online for a total of $458 million.

The company has 16 members of staff in Ireland and plans to expand.

(NS/BMcC)

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