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eCommerce - Wednesday, November 23, 2005

Liquidity Services Files for IPO

Liquidity Services which operates Web sites that sell excess goods and wholesale products has filed for an IPO. The company plans to use the proceeds for the repayment of $4.4M in debt. For the fiscal year ended Sept. 30, Liquidity Services had revenues of $89.4M and net income of $4.1M. Revenue has grown at a compounded annual rate of 26% since fiscal year 2002, the company said.

Need to buy a truckload of mixed kitchen appliances for a steal. Check Liquidity Services.

Last We Checked, 14,400 Pounds of Kitchen Appliances Could Be Had For $275

During the past three fiscal years, the company has conducted more than 436K online transactions, generating about $264M in gross merchandise value. It ended the fiscal year with 386K registered buyers, up from 264K at the end of the 2004 fiscal year.

Liquidity Services operates www.liquidation.com, www.govliquidation.com, www.uksurplus.com and www.goWholesale.com.

Read - Liquidity Services files for IPO (Internet Retailer)