- Auto-retail site Vroom (NASDAQ:VRM) is reporting some successful fund-raising, pricing its initial public offering at $22/share.
- That's above even its recently raised price range of $18-20/share, and it brings the raise to about $412.5M.
- Underwriters have received a 30-day greenshoe option to buy up to an additional 3,187,500 shares at the IPO price.
- Shares are expected to start trading tomorrow on Nasdaq under the VRM ticker.