HyreCar Inc., a peer-to-peer ridesharing platform, recently announced the pricing of its initial public offering (IPO) of 2,520,000 shares of its common stock at a price to the public of $5 per share. The shares began trading on the Nasdaq Capital Market yesterday, under the symbol "HYRE."
The offering is expected to close today, subject to customary closing conditions.
In addition, HyreCar has granted the underwriters a 45-day option to purchase up to 378,000 additional shares of common stock at the IPO price less underwriting discounts.
Network 1 Financial Securities, Inc. is acting as the managing underwriter for the offering.
The offering will be made only by means of a prospectus.
A registration statement related to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission.
Related: HyreCar Files for IPO