Car-sharing startup Turo on Jan. 10 filed for an initial public offering with the U.S. Securities and Exchange Commission.
For the nine months ending Sept. 30, 2021, revenue was $330 million, an increase of 207% from the same period in the prior year. Launched in 2010, the company has incurred net losses in every year.A woman walks through a crowded parking lot at Rice Village as the state of Texas lifts its mask mandate and allows businesses to reopen at full capacity during the coronavirus disease pandemic in Houston, Texas, U.S., March 10, 2021.
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