Vroom (NASDAQ: VRM) shares are trading lower on Friday after the company priced its 10.8-million-share common stock offering at $54.50 per share.
Vroom is an e-commerce platform used for the buying, selling and trading of new and used cars in the United States.
Vroom shares were trading down 8.07% at $51.76 at last check Friday. The stock has a 52-week high of $75.49 and a 52-week low of $38.46.
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