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The automotive master: CarGurus files for a $100 million IPO

September 15, 2017
CARG

CarGurus, a global, online automotive marketplace connecting buyers and sellers of new and used cars, filed on Friday with the SEC to raise up to $100 million in an initial public offering.

The Cambridge, MA-based company was founded in 2006 and plans to list on the Nasdaq under the symbol CARG. Goldman Sachs, Allen & Company and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.