TrueCar Announces Pricing of Initial Public Offering

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Go back to TrueCar Announces Pricing of Initial Public Offering

TrueCar (TRUE) IPO Opens Higher

May 16, 2014 11:06 AM EDT

The IPO for TrueCar (Nasdaq: TRUE) opened for trading at $9.70 after pricing 7,775,000 shares of its common stock at a price to the public of $9 per share, below the expected $12-$14 range.

Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. RBC Capital... More