Who is TrueCar, Inc.?
TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates data-driven online platform through its TrueCar.com Website. TrueCar, Inc. also operates its platform for affinity group marketing partners, such as USAA and consumer reports, financial institutions, and other large enterprises. It enables users to obtain market-based pricing data on new and used cars, as well as to connect with its network of TrueCar certified dealers. (Source: Yahoo! Finance Stock Summary TRUE)
TrueCar Inc. (NASDAQ:TRUE) recently held an IPO on 5/16/2014 selling 7,775,000 shares at $9/share, which was below their expected $12-$14 range. The offering raised ~$70 million. Goldman Sachs and JP Morgan were the primary underwriters. TrueCar's shares...
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