IPO for ACV Auctions Inc. (ACVA) Opens 28% Higher

Today's IPO for ACV Auctions Inc. (NYSE: ACVA) opened for trading at $32 after pricing its initial public offering of 16,550,000 shares of its Class A common stock at a price of $25.00 per share.

Goldman Sachs & Co. LLC, J.P. Morgan and Citigroup are acting as lead book-running managers and representatives of the underwriters for the offering. BofA Securities and Jefferies are acting as book-running managers for the offering, and Canaccord Genuity, Guggenheim Securities, JMP Securities, Piper Sandler and Raymond James are acting as co-managers for the offering.

ACV Auctions Inc. is a leading online automotive marketplace for dealers.

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