CarGurus, an online marketplace for buyers and sellers of new and used cars, raised $ 150 million by offering 9.4 million shares at $ 16, above the range of $ 13 to $ 15. CarGurus plans to list on the Nasdaq under the symbol CARG. Goldman Sachs, Allen & Company and RBC Capital Markets acted as lead managers on the deal.
The article Vroom vroom: CarGurus prices IPO at $ 16, above the range originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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