Liquidity Services Inc. (LSI) has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. Liquidity Services Inc. operates online-auction marketplaces for wholesale, surplus and salvage assets from corporate and government sellers. Marketplaces include Liquidation.com, GovLiquidation.com and UKsurplus.com. It also operates a wholesale-industry portal at goWholesale.com that connects advertisers with buyers.
The company's filing shows that during the year ended September 30, 2005, it had 386,000 registered users and generated revenue of $89.4 million on $246 million in gross merchandise volume in 436,000 online transactions. Liquidity Services is based in Washington, DC and has facilities in New Jersey, Texas, England and Arizona. It has 286 employees in the U.S. and 18 employees in the UK.
A copy of the prospectus relating to these securities may be obtained, when available, from: Friedman, Billings, Ramsey & Co., Inc. at 1001 Nineteenth Street North, 18th Floor, Arlington, VA 22209 or RBC Capital Markets at Two Embarcadero Center, Suite 1200, San Francisco, CA 94111.
http://liquidityservicesinc.com/about.html
