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- Unlike some companies that have been rumored to go public (think Reddit, Starlink, or Redwood Materials) Turo has already filed for an IPO in 2021 with the US Securities Exchange and Commission. However, the economic climate in 2022 put this process on pause.
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Mar 24, 2023 · While the IPO market has been frozen for some time, Turo has not given up on its plans to go public. From a private filing back in 2021 and dropping a public S-1 document in early 2022, the...
- Peer-to-peer Car-Sharing Marketplace Turo Raises $250M at Over $1B Valuation From IAC
Car-sharing startup Turo has raised $250 million in a Series...
- Car Sharing Network Turo Launches in The UK
Ahead of the NFL and college football (NCAAF) seasons, Apple...
- Peer-to-peer Car-Sharing Marketplace Turo Raises $250M at Over $1B Valuation From IAC
Aug 9, 2024 · Turo Inc. reversed a year-ago loss to post a profit for the six months that ended June 30 as the car-sharing marketplace moves ahead with plans to float an initial public offering.
Jan 11, 2022 · Peer-to-peer car-sharing platform Turo is revving its IPO engines, becoming the first major U.S. company this year to file for approval to go public.
- Quick Financial Breakdown
- Risk Factors
- Opportunities and Growth
First let’s take a look at the financials. In 2020, Turo generated net revenue of $149.9 million in 2020, a 6% growth from the previous year, according to the S-1. Net losses were $97.1 million in 2020, a slight improvement from the $98.6 million in net losses it had in 2019. Turo points to a couple of drivers of its revenue growth, notably a digit...
Risk factors facing the company include the obvious “what if people don’t use Turo” and “we face competition” from similar apps and traditional car rental companies. But a few others stick out. For one, Turo notes that the COVID-19 pandemic added volatility to its business. The company was forced to layoff staff and even closed its operations in Ge...
Despite potential risks, Turo estimates its current serviceable addressable market to be $146 billion and its total addressable market to be $230 billion. “We estimate that our $230 billion TAM includes $134 billion in North America, $65 billion in Europe, and $31 billion in the rest of the world (which consists of selected countries in which we be...
Feb 21, 2024 · Turo, a leading peer-to-peer car-share company, plans to go public with an IPO date tentatively set for mid to late 2024, after initially filing with the SEC in August 2021 and facing delays due to economic conditions.
Jan 10, 2022 · Daimler AG-backed car sharing marketplace Turo Inc on Monday made public its filing for a stock market flotation in the United States and disclosed its finances for the first time, revealing a...
Jan 11, 2022 · Peer-to-peer car-sharing company Turo filed to go public last night. TechCrunch’s first look at its S-1 filing is here, in case you missed it. That Turo has filed to go public is not a surprise.
