(Reuters) – Online used car seller Vroom Inc said on Monday it raised $467.5 million in its initial public offering as appetite for new stocks rebounds after the COVID-19 pandemic put many debuts on hold.
Vroom priced its IPO of 21.25 million shares at $22, valuing the company at $2.48 billion.
The company priced its shares above the $18-$20 range it had given earlier.
(Reporting by Juby Babu in Bengaluru; Editing by Shailesh Kuber)
