Vroom, Inc.

Vroom, Inc. (VRM) priced its initial public offering on Jun 9, 2020 at $22.00 per share, raising $467.5M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.54B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Allen & Company and Wells Fargo and others. Latham & Watkins advised the company and Skadden, Arps advised the underwriters.

Vroom, Inc. operates an end-to-end ecommerce platform for buying and selling used vehicles. Customers browse thousands of reconditioned vehicles online, with transparent pricing and financing, in a vertically integrated, asset-light model that covers the process from discovery to delivery.

Status

IPO

Ticker

VRM

Exchange

Nasdaq Global Select

Priced

Jun 9, 2020

IPO price

$22.00

Raised

$467.5M

Market cap at IPO price

$2.54B

First filed

May 18, 2020

Underwriters

Goldman Sachs, BofA Securities, Allen & Company, Wells Fargo, Stifel, William Blair, Baird, Citizens JMP and Wedbush

Company counsel

Latham & Watkins

Underwriters' counsel

Skadden, Arps

Sector

Consumer

Country / state

TX

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.