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May 17, 2014 06:41 am GMT

2008 TechCrunch50 Finalist TrueCar Goes Public, Raises $70M In Its IPO

Screen Shot 2014-05-16 at 6.41.11 PMToday TrueCar, a company that was selected as a finalist in the 2008 TechCrunch50 eventwent public, raising around $70 million and gainingnearly 12% toend its first day as a public company at $10.06 per share. The company priced itsshares at $9 apiece. That final price was steeplyunder itsexpected range of $12 to $14 per share.The current IPO market, for most, is somewhat unsettled.… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/4ys6Req8dyU/

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