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- Turo is not publicly traded, although the company has notified the SEC that it plans to go public. Since its first filing in January 2022, it's amended its S-1 nine times, delaying an offering until the IPO market improves.
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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...
- 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
Intuitive Machines, the venture-backed startup that went...
- Peer-to-peer Car-Sharing Marketplace Turo Raises $250M at Over $1B Valuation From IAC
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.
- 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...
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.
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 · Turo, the peer-to-peer car-sharing service, filed paperwork to go public. The company plans on offering 5 percent of its stock to certain vehicle owners and customers.
Jan 11, 2022 · That Turo has filed to go public is not a surprise. After raising nearly $500 million while private, the company has an enormous capital base underneath it, meaning that there is also...
