By Amber Deter A Vroom IPO is coming to the markets. The company confidentially filed to go public with the SEC. Now, investors are wondering when to expect Vroom stock.
But is Vroom a good investment? Here’s what we know…
Vroom IPO: The Business
In August of 2013, three friends founded Vroom. Vroom is an online car resale service. Currently, the company is headquartered in New York City. Vroom handles the process between buyer and seller rather than a peer-to-peer model, like Craigslist for example. It also offers financing through multiple banks and provides delivery nationwide.
Vroom’s CEO is Paul Hennessy, the former CEO of Priceline.com. In …read more
