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TrueCar Inc announces pricing of initial public offering

Friday, 16 May 2014 01:00am EDT 

TrueCar Inc:Announces pricing of its initial public offering of 7,775,000 shares of its common stock at a price to the public of $9.00 per share.The shares are expected to begin trading on the NASDAQ Global Select Market on May 16 under the symbol "TRUE".In addition, TrueCar granted the underwriters a 30-day option to purchase up to 1,166,250 additional shares of common stock from TrueCar at the initial public offering price.The offering is expected to close on May 21 subject to customary closing conditions.Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as joint book-running managers.RBC Capital Markets, LLC is also acting as a book-running manager.Cowen and Company, LLC and JMP Securities LLC are acting as co-managers. 

Company Quote

-0.04 -9.76%
23 Jun 2011