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Car-sharing service Turo (TURO) has restarted plans for an initial public offering as early as this fall.
Turo’s (TURO) investor roadshow may start as early as next month, according to a Bloomberg report late Thursday, which cited people familiar with the matter.
Peer-to-peer car-sharing company Turo (TURO) filed for an IPO last January. Turo announced in August 2021 that it had confidentially submitted a draft registration for an IPO.
Turo’s (TURO) main competitor is Getaround (GETR), which went public through a SPAC deal in December. Getaround shares have plunged 95% since their de-spac in December.
Turo’s (TURO) biggest investors include IAC/InterActiveCorp (IAC), August Capital, Canaan Partners, G Squared, Shasta Ventures, and GV.
