ACV Auctions Raises $414M In Upsized IPO At $25 Per Share


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  • Wholesale vehicle company ACV Auctions Inc (NASDAQ: ACVApriced the upsized initial public offering (IPO) of 16.55 million shares at $25 per share.
  • The company had previously offered 16.5 million shares at a price between $20 to $22. The approximate gross proceeds amounted to $413.75 million.
  • The selling stockholders have granted the underwriters a 30-day option to purchase additional shares up to 2.48 million.
  • The shares are expected to begin trading on the Nasdaq under the symbol "ACVA" today.
  • Goldman Sachs, J.P. Morgan, and Citigroup are the lead book-running managers and representatives of the underwriters for the offering. BofA Securities and Jefferies are the book-running managers for the offering.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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