Tuesday, June 9, 2020

Online used-car retailer Vroom raises $468 million from IPO; stock surge continues

Online used-car retailer Vroom raises $468 million from IPO; stock surge continues https://ift.tt/3fbc6Bx

Vroom was valued in the offering at more than $2.5 billion based on the larger IPO size and the outstanding shares listed in its filings. The shares continued to surge on Tuesday -- rising 103 percent to $44.65 in midday trading.

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