Day: February 15, 2025
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Turo’s IPO Withdrawal Signals Troubling Trends for Startups
Turo, the car-sharing marketplace often compared to Airbnb but for vehicles, recently made headlines by withdrawing its plans for an initial public offering (IPO). The company, which had originally filed for an IPO in early 2022, quietly retracted its proposal from the U.S. Securities and Exchange Commission (SEC) in April 2024. This move signals deeper…