Turo Inc. has a Form S-1 registration statement on file for an initial public offering; the original was filed before the period this page covers, and the earliest filing here is an amendment filed on 2024-08-08. Amendments on record here: 2. It asked for the registration statement to be withdrawn on 2025-02-13. Each fact below is quoted from the filing named with it.
What the filings say
Listing
We have applied to list our common stock on the New York Stock Exchange under the symbol “TURO.”From the S-1/A filed 2024-11-14
Use of proceeds
We intend to use the net proceeds we receive from this offering to satisfy all of our anticipated tax withholding and remittance obligations related to the settlement of certain outstanding restricted stock units, or RSUs.From the S-1/A filed 2024-11-14
Revenue
In 2021, we generated net revenue of $469.0 million, representing 213% year-over-year growth due to a combination of the positive effects of the COVID-19 pandemic on our business, improved optimization of the Turo Risk Score, hosts increasing the prices for vehicles charged to guests, as well as a rental car supply shortage.From the S-1/A filed 2024-11-14
Net loss or income
We incurred net losses of $98.6 million, $97.1 million, and $40.4 million in the years ended December 31, 2019, 2020, and 2021, respectively.From the S-1/A filed 2024-11-14
Withdrawal
Pursuant to Rule 477 under the Securities Act of 1933, as amended (the “ Securities Act ”), the Company hereby requests that the Commission consent to the withdrawal of the Registration Statement effective as of the date hereof.From the RW filed 2025-02-13
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-08-08 | Registration statement amended | S-1/A |
| 2024-11-14 | Registration statement amended | S-1/A |
| 2025-02-13 | Request to withdraw a registration (Form S-1) | RW |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.