Autobytel.com hopes to raise $72 million in its initial public offering by selling 4.5 million shares of stock. As part of the IPO, each of the company's founders, Peter Ellis and John Bedrosian, will receive $8 million by selling 500,000 of his own shares. After the IPO, the two will remain the company's largest shareholders.
At a price of $16 a share, here is what the holdings of Ellis, Bedrosian and other large shareholders would be worth after the stock sale.
Shares owned Percent of total Value
Peter Ellis 3,520,667 19.7% $56.3 million
John Bedrosian 3,069,445 17.2% $49.1 million
Capital Corp. 1,831,903 10.3% $29.3 million
Metro Holdings 1,550,406 8.5% $24.8 million
Interactive 1,057,576 5.8% $16.9 million
Source: Securities and Exchange Commission filing