Acv announces closing of initial public offering

Buffalo, n.y., march 26, 2021 (globe newswire) -- acv auctions inc. (“acv”), the leading online automotive marketplace for dealers, today announced the closing of its initial public offering of 19,032,500 shares of its class a common stock at a price of $25.00 per share, including the full exercise by the underwriters of their option to purchase up to an additional 2,482,500 shares of class a common stock from the selling stockholders named in the prospectus. acv sold 16,550,000 shares in the offering. acv's class a common stock is listed on the nasdaq global select market under the symbol “acva.” acv did not receive any proceeds from the sale of shares by the selling stockholders.
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