IdleAire Files with SEC for Initial Public Offering

IdleAire Technologies Corp. said it has filed for a possible initial public offering with the Securities and Exchange Commission.

IdleAire, which makes anti-idling systems, did not set a date for the offering, nor did it establish an initial price for its shares, according to the filing, submitted Tuesday.

If the offering goes through, shares of IdleAire would be listed on the Nasdaq Stock Market.

IdleAire said in the filling it has yet to turn a profit in its seven-year history. The company was incorporated in 2000 and began operations in 2003.

Last year the company reported a net loss of $60.3 million on revenue of $14 million.

The company had said in July it was considering an IPO.

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