carg News

Growth IPOs are on a hot streak. This past week's IPOs continued the strong trading we've seen in the tech and health care sectors over the past 90 days. CarGurus and three medical device companies each had a strong debut, averaging a first-day pop of 45%. The Renaissance IPO Index is up 32% year to date. IPOs over the past 90 days are up 35% on average and 79% are trading...read more

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....read more

CarGurus leads the way with a $132 million offering in a week with four IPOs set to raise a combined $309 million. The online car marketplace is joined by two specialty medical device companies; a fourth company is commercializing a combination drug-device. The IPO market picked up on Friday with launches from database platform MongoDB (MDB), Tencent-backed...read more

CarGurus, an online marketplace for buyers and sellers of new and used cars, announced terms for its IPO on Friday. The Cambridge, MA-based company plans to raise $132 million by offering 9.4 million shares (73% insider) at a price range of $13 to $15. At the midpoint of the proposed range, CarGurus would command a fully diluted market value of $1.6 billion. CarGurus was...read more