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ACV Auctions Priced, Nasdaq: ACVA

Mobile platform for wholesale car auctions.

Industry: Technology

Latest Trade: $16.91 0.00 (0.0%)

First Day Return: +25.0%

Return from IPO: -32.4%

Industry: Technology

Our mission is to build and enable the most trusted and efficient digital marketplaces for buying and selling used vehicles with transparency and comprehensive data that was previously unimaginable. We provide a vibrant digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information to our customers. Our platform leverages data insights and technology to power our digital marketplace and data services, enabling our dealers and commercial partners to buy, sell, and value vehicles with confidence and efficiency. We strive to solve the challenges that the used automotive industry has faced for generations and provide powerful technology-enabled capabilities to our dealers and commercial partners who fulfill a critical role in the automotive ecosystem. Since inception, we have facilitated over 750,000 wholesale transactions between over 21,000 of our dealers and commercial partners. We help dealers source and manage inventory and accurately price their vehicles as well as process payments, transfer titles and manage arbitrations, and finance and transport vehicles.
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IPO Data
IPO File Date 02/26/2021
Offer Price $25.00
Price Range $20.00 - $22.00
Offer Shares (mm) 16.6
Deal Size ($mm) $414
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/23/2021
Offer Price $25.00
Price Range $20.00 - $22.00
Offer Shares (mm) 16.6
Deal Size ($mm) $414
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
J.P. Morgan
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Company Data
Headquarters Buffalo, NY, United States
Founded 2014
Employees 1,470
Website www.acvauctions.com

ACV Auctions (ACVA) Performance