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Rental platform RVRvelocity (RVGO) has revealed more terms for its proposed $15 million initial public offering.
Rvelocity said in the SEC filing that it is looking to offer 3.3 million shares priced between $4 and $5, which would raise about $15 million. If priced middle of the road.
The company filed to list its shares on NASDAQ under RVGO. Boustead Securities and Sutter Securities act as lead bookrunners, according to the deposit.
Based in Arizona, Rvelocity bills itself as the Airbnb of RV rentals. Renters, or “guests,” may rent RVs from participating RV owners, or “hosts,” through Rvelocity’s platform www.rvngo.com. The company charges guests a 3% processing fee for transactions. Hosts are not charged any fees.
Rvelocity first filed to go public in January, stating that it was interested in offering up to $10 million of its own stock, with existing shareholders offering up to $5 million in additional shares.
More on Rvelocity:
RV Rental Platform files Rvelocity to raise nearly $10 million from its IPO
Underwriting Update: Rvelocity discloses underwriting terms