Car-sharing marketplace Turo has filed for an IPO, and said some of its car owners and renters could get a chance to participate in the offering
The company said in a filing with the Securities and Exchange Commission that the planned IPO would include shares sold by Turo and some of its largest shareholders.
The latest securities filing includes a proposed offering amount of $100 million, but that figure is used to calculate filing fees and is often changed. The company, which has yet to post an annual profit, said its accumulated deficit stood at $544 million as of Sept. 30, according to the documents.
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