Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

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<p><a href="https://www.smartkarma.com/entities/vroom" target="_blank" data-smartkarma-citation="entities:28967" rel="noopener">Vroom (VRM US)</a> , a leading e-commerce company in the U.S. that provides a platform for buying and selling used vehicles, is getting ready to complete an IPO on the NASDAQ market in the next few weeks. Vroom sells used vehicles with no price haggling. The company offers financing from more than 12 banks and delivers cars to customers nationwide. There is a seven-day money-back guarantee on purchases and a 90-day bumper-to-bumper warranty.</p>
<p>Founded and based in New York in 2013, Vroom sells refurbished, low-mileage used cars to consumers with free delivery. The company has a $100 million IPO placeholder but that could be raised depending upon demand. </p>
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<p>There is likely to be a healthy demand for this Vroom IPO since one of its key competitors called <a href="https://www.smartkarma.com/entities/carvana-co" target="_blank" data-smartkarma-citation="entities:26471:1" rel="noopener">Carvana Co (CVNA US)</a> has seen its share price surge more than 5x since its IPO in 2017. Plus, this used vehicle sales through ecommerce is in a sweet spot with the ongoing COVID-19 pandemic as the U.S. consumers are reluctant to physically check out used car dealerships but may be more willing to try out ecommerce used vehicle websites such as Vroom and make purchases through this ecommerce platform. </p>


Vroom (VRM US) , a leading e-commerce company in the U.S. that provides a platform for buying and selling used vehicles, is getting ready to complete an IPO on the NASDAQ market in the next few weeks. Vroom sells used vehicles with no price haggling. The company offers financing from more than 12 banks and delivers cars to customers nationwide. There is a seven-day money-back guarantee on purchases and a 90-day bumper-to-bumper warranty.
Founded and based in New York in 2013, Vroom sells refurbished, low-mileage used cars to consumers with free delivery. The company has a $100 million IPO placeholder but that could be raised depending upon demand. 

There is likely to be a healthy demand for this Vroom IPO since one of its key competitors called Carvana Co (CVNA US) has seen its share price surge more than 5x since its IPO in 2017. Plus, this used vehicle sales through ecommerce is in a sweet spot with the ongoing COVID-19 pandemic as the U.S. consumers are reluctant to physically check out used car dealerships but may be more willing to try out ecommerce used vehicle websites such as Vroom and make purchases through this ecommerce platform. 

United States

Vroom, Inc. retails automobiles. The Company offers new and used cars, spare parts, and accessories, as well as provides maintenance, repairing, funding, insurance, and vehicle renting services. Vroom serves customers in the United States.

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Vroom (VRM US)

Vroom IPO Preview

Vroom (VRM US) , a leading e-commerce company in the U.S. that provides a platform for buying and selling used vehicles, is getting ready to...

Douglas Kim

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