UPDATE 1-DriveTime Automotive withdraws IPO

Newswire

* Withdraws $200 mln IPO filed in Feb * Says does not intend to pursue offering this time Sept 30 (Reuters) - DriveTime Automotive Inc, a used car sales and finance company, said it has withdrawn plans for its initial public offering. The company had earlier filed for an IPO of about $200 million on Feb. 2. [ID:nN02248242] The privately owned company said it does not intend to pursue the public offering at this time in a filing with the U.S. regulator. The Phoenix-based company, ...

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