# OPENLANE, Inc. (OPLN) — capital_raise/public_offering [announced]
Source: sec.gov · situation sit_8540ed3832da1144872f · public 1465616716320934130 · retrieved 2026-08-19T11:37:12.790Z

## Overview
OPENLANE, Inc. is a retail auto dealer and gasoline station operator (SIC 5500) based in Carmel, Indiana.

Ignition Acquisition Holdings LP, a fund advised by Apax Partners, L.P., completed a registered public secondary offering of 8,000,000 shares of OPENLANE, Inc. common stock on August 13, 2026, generating gross proceeds of approximately $274.9 million. The shares were priced and sold at $34.36 per share. In connection with the offering, OPENLANE purchased 727,590 shares from the underwriters at the same $34.36 per-share price. The company received no proceeds from the secondary offering itself.

## Terms
- Counterparty: Ignition Acquisition Holdings LP (Apax Partners fund) · Deal value: $274.9M · Consideration: cash · Price/share: $34.36

## Key dates
- Announced 2026-08-13

## Timeline
- 2026-08-13 · 8-K (0001104659-26-096008): 8-K - OPENLANE, Inc. — *OPENLANE, Inc. is a retail auto dealer and gasoline station operator (SIC 5500) based in Carmel, Indiana.* Ignition Acquisition Holdings LP, a fund advised by Apax Partners, L.P., completed a registered public secondary offering of 8,000,000 shares of OPENLANE, Inc. common stock on August 13, 2026, generating gross proceeds of approximately $274.9 million. The shares were priced and sold at $34.36 per share. In connection with the offering, OPENLANE purchased 727,590 shares from the underwriters at the same $34.36 per-share price. The company received no proceeds from the secondary offering itself.
  https://www.sec.gov/Archives/edgar/data/1395942/0001104659-26-096008.txt

## Citations
- 0001104659-26-096008 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926096008