Turo is a privately held US peer-to-peer carsharing company. Turo filed a Form S-1 with the Securities Exchange Commission on September 29, 2023 announcing its intentions to go public.
According to this filing, Turo's IPO backers include Morgan Stanley, J.P. Morgan, Allen & Company, Citigroup, TD Cowen, D.A. Davidson & Co., Wolfe | Nomura Alliance, LionTree, Loop Capital Markets, Ramirez & Co., Inc., and Siebert Williams Shank.
The company aims to be publicly listed on the NYSE stock exchange under the stock ticker symbol TURO.
Current company filings outline the minimum requirements to pursue a public offering. Turo's gross proceeds from the sale of its equity in an IPO should result in at least $75,000,000 to the corporation. The initial target IPO share price should not be less than $7.6041 per share to qualify for a public offering.
The number of shares to be sold in Turo's potential IPO is unknown, as is an exact Turo IPO date.
This page will be updated as additional details about Turo's IPO timeline and process are announced.