News Briefs

Online used car retailer Vroom goes public: TheStreet

Vroom, an online used car retailer, has raised $468 million for its IPO after pricing its 21.15 million shares at $22 per share, reported TheStreet.

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Vroom, an online used car retailer, has raised $468 million for its IPO after pricing its 21.15 million shares at $22 per share, reported TheStreet. The stock began trading June 9, 2020 on the NASDAQ under the ticker symbol “VRM.” Goldman Sachs, BofA Securities, Allen & Company LLC and Wells Fargo Securities are the lead underwriters. Vroom’s pre-IPO backers include Durable Capital Partners LP, T. Rowe Price Associates Inc and L Catterton.

Source: TheStreet