US online second-hand car seller Vroom has secretly applied for an initial public offering. The company hopes to conduct a listing transaction in June. The listing will test whether the cold technology IPO market can show a little “temperature.”

Editor’s note: This article is from Tencent Technology , reviewed by Cheng Xi.

in the past few In the middle of the year, second-hand car trading platforms based on the mobile Internet were very popular, and marketing, share competition, investment and financing were very active. What kind of valuation will the capital market give to these used car platforms? According to the latest news from foreign media, an authoritative financial media in the United States quoted an informed source as saying that US online second-hand car seller Vroom has secretly applied for an initial public offering. The company hopes to conduct a listing transaction in June. This listing will test whether the cold technology IPO market A little “temperature” can appear.

According to foreign media reports, Vroom hopes to repeat the success of another competitor. Carvana, a more well-known used car trading platform in the United States, has seen its share price rise 7 times since its initial public offering in 2017. After the U.S. stock market fell in March (because of the new crown epidemic) and fell 80%, Carvana’s share price has recovered to near record levels.

Because the new crown epidemic situation and social distance measures keep consumers at home, if buyers choose online shopping and door-to-door delivery experience instead of visiting dealer shops, online car dealers may benefit more than traditional dealers.

This year ’s volatility in the US capital market has largely calmed the IPO market in many US industries. Data from data provider Dealogic shows that in the first two weeks of April, only two companies were listed on the US stock market, raising hundreds of millions of dollars.

According to Jay Ritter, a professor of finance at the University of Florida and an IPO expert, there is only one technology company listed so far in 2020. Some of the technology companies listed last year performed poorly, including online ride-hailing giants Uber and Lyft. The stock prices of the two companies plummeted. WeWork, the second-owner of the office, failed to go public, and its valuation plummeted by 90%, leaving large shareholder Softbank Group with huge losses.

Vroom ’s IPO target valuation is not yet clear. Last December