1 day ago · Turo’s decision to end its IPO plans comes just one day after peer-to-peer car-sharing company Getaround shut down its U.S. operations. Like Turo, Getaround began life as a venture-backed company.

2 days ago · Turo swung to a cash-producing business during that time, posting a profit of $15.6 million in 2023, compared with a loss of $98.6 million in 2019. The company doesn't expect to consistently ...

18 hours ago · Car-sharing marketplace Turo has scrapped its IPO plans, nearly three years after the company first filed to go public. This raises concerns about other tech IPOs in the works. Turo is currently profitable, but its public reporting from 2023 and 2024 reveals slowing growth. In 2021, Turo’s adjusted EBITDA was $81.1 million, but it dropped to ...

22 hours ago · Turo had submitted an updated IPO prospectus in November, describing itself as the world’s largest car sharing marketplace. It disclosed $722 million in revenue for the first nine months of the year — up about 8% from year-earlier comps. A long wait, now foiled. For Turo, the now-foiled path to IPO has been a long time in the making.

2 days ago · Turo, an online platform for peer-to-peer car sharing, withdrew its plans for an initial public offering on Thursday. It originally filed in January 2022 with an estimated deal size of $300 million. Turo states that it is the world’s largest car sharing marketplace, where guests can book any car they want, wherever they want it, from a ...

1 day ago · Turo Inc, the peer-to-peer car sharing service, has announced the withdrawal of its initial public offering plans, a decision revealed in a recent filing with the Securities and Exchange Commission (SEC). The company initially filed for an IPO in January 2022 but now cites reasons for not proceeding ...

Mar 8, 2024 · Turo, the venture-backed, peer-to-peer car rental service, reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. The company first filed an S-1 to...

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.

Sep 24, 2024 · While no date has been set for a Turo IPO, future amendments to its Form S-1 might reveal more details. Check back here or take a look at Forge’s upcoming IPO calendar to stay in the loop about a possible Turo IPO and other pending public offerings.

Aug 9, 2024 · Turo has yet to set an estimated price range for its IPO, but the profit it posted for the first six months of 2024 illustrates to prospective IPO investors that its business is generating net...