HyreCar, the carsharing platform for ride-hailing drivers, has filed for an initial public offering (IPO), according to a filing with the Securities and Exchange Commission on May 23.
HyreCar is set to offer 2 million shares, with an additional 300,000 set aside for underwriters, at $5 to $6 a piece, which would value the company around $61 million for its IPO. The company has reportedly already raised $5.5 million in venture capital funding.
Once public, HyreCar is planning to be listed on the Nasdaq under the ticker, "HYRE."
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