Vroom sets IPO price range of $15-$17 per share

© Reuters. FILE PHOTO: LA Auto Show in Los Angeles

(Reuters) – Online used car seller Vroom Inc said its initial public offering was set to be priced in the range of $15 to $17 per share, aiming to raise about $318.8 million at the top end of the range.

The company is offering about 18.8 million shares in the IPO and is expected to have a market capitalization of $1.92 billion (1.5 billion pounds) at the higher end.

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