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(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
Our Standards:The Thomson Reuters Trust Principles.
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