• Google

    Online used car marketplace CarGurus skyrockets in stock market debut /Link

    TwitterFacebook

    Used auto marketplace site CarGurus came from under the radar to bring home a big payday for investors in its initial public offering on Thursday.

    The Boston-based startup's stock soared as high as 80 percent from an already higher-than-expected base price of $16 before dipping later in the day. By market close, its market cap had reached $3.7 billion.

    The slump-busting success amid a string of disappointing tech IPOs came as a left-field surprise to many in the tech media. While the site's grown to be the leading marketplace of its kind in the country, its lack of venture capital backing (the company hasn't raised funding in a decade) and its geographic distance from Silicon Valley and New York may have kept its profile low. Read more...

    More about E Commerce, Cargurus, Business, and Startups


    TwitterFacebook

    Used auto marketplace site CarGurus came from under the radar to bring home a big payday for investors in its initial public offering on Thursday.

    The Boston-based startup's stock soared as high as 80 percent from an already higher-than-expected base price of $16 before dipping later in the day. By market close, its market cap had reached $3.7 billion.

    The slump-busting success amid a string of disappointing tech IPOs came as a left-field surprise to many in the tech media. While the site's grown to be the leading marketplace of its kind in the country, its lack of venture capital backing (the company hasn't raised funding in a decade) and its geographic distance from Silicon Valley and New York may have kept its profile low. Read more...

    More about E Commerce, Cargurus, Business, and Startups



    (@)Patrick Kulp

    Published on 13 Oct 2017 at 02:13AM

    Header logo.v2.us 6653972cc831bd09732d26dc9da67bd6be0c4d2b28757f116791336ccf2146ec Header logo.v2.us.dark dd0a18bfb3d211980944b582cfc03c24db96b9069f2a3234fb6cf064c72f58aa 2016%2f09%2f15%2f63%2fhttpsd2mhye01h4nj2n.cloudfront.netmediazgkymde1lza2.9eedc Https%3a%2f%2fvdist.aws.mashable.com%2fcms%2f2017%2f10%2f1cc124c4 6d37 87e2%2fthumb%2f00001








  • Recent Posts








    ^Comments