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Vroom vroom: CarGurus prices IPO at $16, above the range

October 11, 2017
CARG

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.