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Short Take: LetsBuyIt.com plans stock sale

LetsBuyIt.com, a European Internet retailer that groups buyers to negotiate discounts on purchases, said it will sell shares to start trading on Germany's Neuer market June 7 to fund expansion in the United States, Asia and Latin America. LetsBuyIt.com offers 80,000 products in eight categories. Some 450,000 people have registered online, and the company said it's adding 25,000 users per week.

LetsBuyIt.com, a European Internet retailer that groups buyers to negotiate discounts on purchases, said it will sell shares to start trading on Germany's Neuer market June 7 to fund expansion in the United States, Asia and Latin America. LetsBuyIt.com offers 80,000 products in eight categories. Some 450,000 people have registered online, and the company said it's adding 25,000 users per week.