ACV Auctions Inc. (ACV) Prices 16.55M Share IPO at $25/Sh

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Go back to ACV Auctions Inc. (ACV) Prices 16.55M Share IPO at $25/Sh

ACV Announces Pricing of Initial Public Offering

March 23, 2021 10:53 PM EDT

BUFFALO, N.Y., March 23, 2021 (GLOBE NEWSWIRE) -- ACV Auctions Inc. (ACV), the leading online automotive marketplace for dealers, today announced the pricing of its initial public offering of 16,550,000 shares of its Class A common stock at a price of $25.00 per share. The selling stockholders named in the prospectus have granted the underwriters a 30-day option to purchase up to an additional 2,482,500 shares of Class A common stock at the initial public offering price to cover over-allotments. The shares are expected to begin trading on the Nasdaq Global Select Market on March 24, 2021 under the symbol ACVA and the... More