Announcement

IronPlanet files registration statement for initial public offering

PLEASANTON, Calif. (March 18, 2010) —IronPlanet, Inc. (“IronPlanet”), an online marketplace for used heavy equipment, announced today that it filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock.  The shares in the offering will be offered by IronPlanet and certain selling stockholders.  The number of shares to be offered and the price range for the offering have not yet been determined.

J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. will be acting as joint book-running managers for the offering, with Cowen and Company, Piper Jaffray & Co. and Needham & Company, LLC acting as co-managers.

The offering will be made by means of a prospectus.  When available, a copy of the preliminary prospectus may be obtained from J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling toll-free at 1-866-803-9204; or from Deutsche Bank Securities Inc., via telephone: (800) 503-4611; or standard mail at 100 Plaza One, Jersey City, New Jersey 07311 Attn: Prospectus Department.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Contact:

Investor Relations
Tom Ryan
(925) 225-8700
InvestorRelations@ironplanet.com

Media
Mike Fox
(203) 682-8218