June 9, 2020 / 1:48 AM / 2 months ago

Online used car seller Vroom raises $467.5 million in U.S. IPO

June 8 (Reuters) - Online used car seller Vroom Inc said on Monday it raised $467.5 million in its initial public offering as appetite for new stocks rebounds after the COVID-19 pandemic put many debuts on hold.

Vroom priced its IPO of 21.25 million shares at $22, valuing the company at $2.48 billion.

The company priced its shares above the $18-$20 range it had given earlier. (Reporting by Juby Babu in Bengaluru; Editing by Shailesh Kuber)

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