RV rental platform RVeloCITY – its rental platform is www.rvngo.com – has filed to raise around $10 million through an initial public offering, according to a report by Seeking Alpha.
RVeloCITY didn’t indicate in its filing the number or price of the shares to be offered, but indicated in a filing fee schedule that it was looking to offer up to $10 million of its stock, with existing shareholders offering up to $5 million in additional shares. The company hopes to list its shares on Nasdaq under the symbol RVGO. Boustead Securities is serving as lead bookrunner.
Based in Arizona, RVeloCITY bills itself as the Airbnb of RV rentals. Renters, or “guests,” are able to rent RVs from participating RV owners, or “hosts,” through RVeloCITY’s platform www.rvngo.com.
Reads the full report by Seeking Alpha.