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Driveway Corporation
380 Brannan Street
San Francisco, CA 94107
(415) 908-4200
June 23, 2000
Via Federal Express and EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza Washington, D.C. 20549
Re: Driveway Corporation (File No. 333-32455)
Form RW - Application for Withdrawal
Ladies and Gentlemen:
Pursuant to Rule 477(a) promulgated under the Securities Act of 1933, as
amended, Driveway Corporation, a Delaware corporation (the "Registrant"), hereby
applies for an order granting the immediate withdrawal of its Registration
Statement on Form S-1, File No. 333-32455, together with all exhibits and
amendments thereto (the "Registration Statement"). The Registration Statement
was filed with the Securities and Exchange Commission on March 14, 2000.
Pursuant to the Registration Statement, the Registrant proposed to register
shares of its Common Stock, $0.001 par value per share (the "Shares"), for
issuance to the public. The Registrant believes that the terms obtainable in
the marketplace at this time are not sufficiently attractive to warrant
proceeding with the sale of the Shares and that completing a discretionary
financing on unfavorable terms would not be in the best interests of the
Registrant or its stockholders at this time. No securities have been sold under
the Registration Statement and no activity in pursuit of this offering has taken
place since March 14, 2000. Accordingly, we hereby request that an order
granting the withdrawal of the Registration Statement be issued by the
Securities and Exchange Commission as soon as possible.
Should you have any questions regarding this matter, please do not hesitate
to contact the undersigned, or Mark Albert, Esq. of Perkins Coie LLP, legal
counsel to the Registrant, at (650) 752-6000.
Sincerely,
Driveway Corporation
By: /s/ Christopher S. Logan
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Christopher S. Logan
President and Chief Executive Officer
