June 1, 2020 / 8:22 PM / a month ago

Vroom sets IPO price range of $15-$17 per share

June 1 (Reuters) - Online used car seller Vroom Inc said its initial public offering was set to be priced in the range of $15 to $17 per share, aiming to raise about $318.8 million at the top end of the range.

The company is offering about 18.8 million shares in the IPO and is expected to have a market capitalization of $1.92 billion at the higher end. (Reporting by Manas Mishra in Bengaluru; Editing by Anil D’Silva)

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