CarSharing Service Turo Files for IPO
Car-sharing business Turo Inc. filed for an initial public offering, revealing its revenue as well as its losses accelerated during the coronavirus pandemic. The San Francisco-based company said in August that it had submitted its IPO registration to the U.S. Securities and Exchange Commission. In its public filing Monday, Turo listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set. Turo, which competes with Getaro