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Profitable car rental service Turo is still ready for an IPO, but its growth cratered in 2023
Turo, the venture-backed, peer-to-peer car rental service reported its fourth-quarter and full-year financial performance this week in an updated IPO Turo, the venture-backed, peer-to-peer car rental service reported its financial performance in an updated SEC filing, indicating it's still hopeful to go public soon.
Turo, the venture-backed, peer-to-peer car rental service reported its fourth-quarter and full-year financial performance this week in an updated IPO filing. TechCrunch covers its regular financial disclosures as they provide insight into when a deeply-funded startup with a historical billion-dollar valuation will decide to finally pull the trigger and list its shares publicly. With net income and growth and revenue approaching $900 million, and a business model that is staying in the black, Turo is far and away big enough to go public, and with a valuation of just over $1 billion, it should not have a hard time besting its final private price tag.
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