Turo Inc, a car-sharing platform, has filed Form S-1 Registration Statement on January 10, 2022 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $300 million.
The company is the world’s largest car-sharing marketplace where guests can book any car they want, wherever they want it, from a vibrant community of trusted hosts. Their platform unlocks peer-to-peer car sharing through technology — a seamless, simple platform that connects hosts and guests and enables them to transact in a trusted, safe environment.
The San Francisco, California-based company was founded in 2009 and booked $373 million in revenue for the 12 months ended September 30, 2021. It plans to list on the NYSE under the symbol “TURO.” Morgan Stanley, J.P. Morgan, Allen & Company, and Citi are the underwriters of the IPO.
The company engages Cooley LLP as US Securities Counsel, and KPMG LLP as Independent Auditor.
#ipo #NYSE #Turo #platform #vehicles #sharing #technology
Hexcellence Consulting has experienced IPO consulting team focus on listing in US Stock Market,
namely NYSE, Nasdaq and OTC Markets.
Should you interested to list your company in US Stock Market,
please contact us at [email protected]
