Car comparison website TrueCar expects IPO to be priced at $12-$14/shr
May 5 (Reuters) - TrueCar Inc IPO-TRUE.O, which runs a car-pricing comparison website, said it expected its initial public offering of 7.78 million shares to be priced at $12-$14 per share.
At the top end of its expected price range, the IPO could raise about $108.9 million and value the company just short of $1 billion.
Goldman Sachs & Co, J.P. Morgan and RBC Capital Markets are the lead underwriters for the IPO. (Reporting by Avik Das in Bangalore; Editing by Don Sebastian)