IPO during pandemic? Timing turned out right for Vroom
Photo credit: Goran Vrhovac / Shutterstock.com. Vroom's shares of common stock began trading on the Nasdaq Global Select Market on Tuesday.
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Wednesday, Jun. 10, 2020, 09:50 PM
Joe Overby, Senior Editor
CARY, N.C. -
On the surface, launching an initial public offering during a pandemic, with entire markets and industries only just beginning to restart, may seem like a head-scratcher. But for an ecommerce company in an asset-heavy, traditionally brick-and-mortar-based industry like automotive retail, it might make total sense. It did for Vroom this week. On Monday, the online […]