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Sep 23, 2024 · Is Turo ready for an IPO? 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.
- $330m
- Mid-Late 2024
- ~$2.7b
- $502.6m
- Recent Turo News
- Bottom Line Upfront
- About Turo
- Turo IPO Date
- Valuation
- S-1 Filings
- Turo Directed Share Program
- How to Participate in The Turo IPO
- Accessing Turo Stock Pre-Ipo
- Frequently Asked Questions
09/05/2024: Uber and Turo announce partnership 03/08/2024: Turo is still ready for an IPO, but growth cratered 09/08/2023: Turo Amends S-1 IPO Filing 09/07/2023: Car-Sharing Service Turo Restarts IPO Plans for Fall Older news…
The Turo IPO is not looking likely until 2025 after getting close in Fall 2023. Bloomberg reported on September 7th, 2023 that the IPO roadshow could start as early as October 2023, but they paused the deal due to violence in Israel. We have seen multiple S-1 filing updates since, but none substantial enough to suggest an IPO is imminent. The timin...
Turo is the world’s largest car sharing marketplace. It’s like Airbnb for cars. The platform enables “hosts” (car owners) to turn their idle cars into income-producing assets by renting them to “guests”. Guests typically rent cars for excursions, test drives, local day trips, or short-term getaways. More than 160,000 hosts, 300,000 vehicles, and 2....
The Turo IPO date is not set yet. Reporting suggested it might have arrived as early as October 2023. However, the negative reception of the Birkenstock IPO and eruption of violence in Israel likely pushed the Turo IPO to 2024 or 2025. It made the list of our potential upcoming IPOs in 2024and will likely remain there for 2025. I will update this s...
The current private Turo valuation is about $2.5 billion, according data from Caplight. It has remained near this valuation for much of 2024 as it approaching its IPO date.
Turo has submitted an amended S-1 SEC filings at least five times. Here’s a link to all Turo SEC filings, or view the latest below. Another updated S-1/A filing was released to the public on June 9th, 2023. The latest includes earnings from Q1 2023. Read the Turo S-1 Filing below: S-1 filings are required reading for IPO investors. Review the filin...
Information provided in the SEC filing indicates the company will offer up to 5% of IPO shares to “eligible” hosts and guests through a Turo Directed Share Program. It appears guests will no longer be eligible. That means hosts might have a chance to invest in the IPO by acquiring shares the evening before the IPO and participating in any gains or ...
Buying IPO stocks as a customer or user of the company’s platform requires close attention to the instructions provided. Consider investing in the Turo Directed Share Program as a privilege. You are not entitled to participate, and you have no obligation to participate. You must follow the instructions provided when the next communication arrives.
As Turo approaches its IPO, accessing Turo stock pre-IPO becomes less likely. Pre-IPO marketplace data indicates volume has slowed in 2024. If market conditions continue to deter Turo from going public, the company may withdraw its IPO filings. This may frustrate early investors and employees who own stock, and they may look toward pre-IPO investin...
Is Turo Publicly Traded?
No. Turo is not publicly traded yet. It is a private company.
What is the Turo Stock Price?
There is no public Turo stock price yet. The Turo private stock price has hovered just below $20 per share for the past several months ending June 2024. Data via Caplight shows trading has slowed, perhaps in anticipation of an IPO. Once the IPO process is reignited, the underwriters will determine the Turo stock price as the IPO date approaches. Underwriters gauge investor demand and release a stock price range in an amended S-1 filing leading up to the IPO. Investors can use the range to det...
What Time Will the Turo IPO Start Trading?
IPOs typically begin trading in the late morning to early afternoon, approximately 12pm – 1pm EST. The precise timing depends on how long it takes the underwriters to perform “price discovery” to determine the opening trade price. The opening trade price is different than the IPO price. Successful IPOs aim for an opening trade above the IPO so that IPO investors can benefit from the immediate price surge. Learn more about what time IPOs start trading here. That article will help investors on...
Turo can be profitable if run like a business and not a hobby. Meaning, your car needs to be available most (if not all month) and you will need to identify many ways to keep costs down. It is not a high margin business model, so generating as much rental income and keeping expenses low are a must.
Jan 24, 2022 · Turo, a carsharing marketplace, filed to go public in January despite having never turned a profit. When will it go public and be profitable?
- Senior Hospitality Editor
Jan 3, 2021 · Peer-to-peer car rental company Turo plans go public in 2021, according to a Jan. 1 interview in the Wall Street Journal with Turo CEO Andre Haddad.
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.
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Jul 14, 2023 · Turo began its public debut process confidentially in August 2021. However, the S-1 document just became available to the public. The company will list on the New York Stock Exchange (NYSE) under the ticker TURO. However, the company didn’t disclose its IPO date, price range or offer shares.
