Details of Vroom’s latest common stock offering


Back in June, Vroom launched its initial public offering; a move the online auto retailer called both “exciting” and “unusual.”

Vroom made its next investment move this week, announcing that it has commenced an underwritten public offering of its common stock. Vroom is offering 9 million shares of its common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission.

According to a news release, Vroom expects to grant the underwriters a 30-day option to purchase up to an additional 1.35 million shares of its common stock at the public offering price, less the underwriting discount.

The company said Goldman Sachs & Co., BofA Securities, Allen & Co., and Wells Fargo Securities are serving as joint lead book-running managers and as representatives of the underwriters for the proposed offering.

Vroom added that Stifel, William Blair, Baird, JMP Securities, Piper Sandler​ and Wedbush Securities are serving as co-managers for the offering.

Vroom went on to mention the offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to the proposed offering may be obtained from any of the following sources:

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street, New York, N.Y. 10282
(866) 471-2526 or via email at

BofA Securities, NC1-004-03-43
200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
Attention: Prospectus Department
Email at

Allen & Co.
Attention: Prospectus Department
711 Fifth Avenue, New York, N.Y. 10022
(212) 339-2696 or via email at

Wells Fargo Securities
Attention: Equity Syndicate Department
500 West 33rd Street, New York, N.Y. 10001
(800) 326-5897 or email a request to

Vroom also pointed out a registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective.

“These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective,” the company said.

“This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction,” Vroom went on to say.

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