U.S. Markets closed

Cambridge-based CarGurus files to raise up to $100M in IPO

Kelly J. O'Brien
American City Business Journals

Cambridge-based automotive shopping website CarGurus Inc. is pursuing an initial public offering of up to $100 million, according to a form filed Friday with the U.S. Securities and Exchange Commission. It's the only Massachusetts tech company to file for an IPO so far in 2017. The 2016 round was from Winslow Capital Management, Foxhaven Asset Management, T. Rowe Price Associates, and Fidelity Brokerage Services.