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AutoTrader: Dividends for us, not for you

AutoTrader adds $400 million in debt just before filing to go public. FORTUNE — AutoTrader today filed for a $300 million IPO, making it the first Internet company to submit an S-1 since Facebook went public last month. Not too many financial details yet, except that prospective shareholders shouldn’t expect a dividend “for the foreseeable future.” AutoTrader blames its pending lack of generosity on creditor agreements that “significantly restrict” the Atlanta-based company MORE

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AutoTrader: Dividends for us, not for you

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