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CVNA News

Car marketplace Vroom roars its engines, increasing IPO range to $18 to $20

VRM

Vroom, an online used car marketplace, raised the proposed deal size for its upcoming IPO on Friday. The New York, NY-based company now plans to raise $356 million by offering 18.75 million shares at a price range of $18 to $20, up from the original range of $15 to $17. At the midpoint of the revised range, Vroom will raise 19% more in proceeds than previously anticipated. ...read more

US IPO Weekly Recap: Two IPOs start off the annual August lull

VNTR

Two IPOs raised a combined $574 million this past week and notched modest gains. Pigments supplier Venator Materials raised $454 million and ultra-rare bone disease biotech Clementia Pharmaceuticals raised $120 million. July 2017 was the ...read more

US IPO Weekly Recap: Floor & Décor pops 53%, Carvana skids 26%

FND

9 IPOs priced deals this week. This brings April’s total to 20, making it the busiest month of the past 22. These 20 pricings were almost enough to double the count for the year, raising that number to 45. Five biotechs priced in April, doubling the total for the year after just three biotechs priced in the 1Q17. The deals this week included the best and worst first day...read more

Online used car retailer Carvana raises $225 million after pricing IPO at $15 midpoint

CVNA

Carvana, an online used car retailer with locations featuring car "vending machines", raised $225 million by offering 15 million shares at $15, within the range of $14 to $16. Carvana plans to list on the NYSE under the symbol CVNA. Wells Fargo Securities, BofA Merrill Lynch, Citi and Deutsche Bank acted as lead managers on the deal. Carvana, a online used car retailer with...read more