Turo canceled plans for IPO


Turo has been withdrawn for IPO on Thursday, and the online car sharing network is waiting to wait for the online car sharing network to access the network of online car sharing network. According to a rule submission.

The TUO, founded in 2010, allows private car owners to hire their vehicles through the Startup's website or applications. Company – Sometimes described as cars for cars for cars – publicly published in January, published in public offer Change Its growth too long PourToo.

The decision to end the IPO plans of Turo is only one day after the PEER-to-Peer Car Sharing Company Openound Its US operations closed. The geteundound like Turo begins life as a rewarding company. Unlike Turo, Geteundound jumps with a special integration of companies in 2022 to the public market in 2022.

Turo is still operating in the United States and elsewhere. In September 2024, the company reported that the company had 150,000 active hosts around the world, with 350,000 active vehicles and 350,000 active guests. The company is working in Kannada. It works in Tables and France.

Its peak growth is now behind. The company was $ 722 million in nine months September ended 2024In 2023, up to 8.6% of the nine months. Still, In 2022, when the income earned $ 879.7, Toro was still behind the next month of Toro over the 9 months of Toro. Likewise, the company starts from 2022. In the net income from 2022. Gains profits.

In other words, in 2023, businesses recovered in 2024.



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