Auto sales platform Vroom Inc. more than doubled in its trading debut after racing past its earlier goals for its initial public offering to raise $468 million.
Shares of the company, whose backers include L Catterton, General Catalyst Partners and T. Rowe Price Associates Inc., rose 117% to $47.90 in trading Tuesday, giving it a market value of about $5.4 billion.
Vroom, which sells used vehicles online, moved up the pricing of the IPO to Monday after earlier planning to sell the shares on Wednesday. It sold 21.25 million shares for $22 each, after marketing 18.75 million for $18 to $20, a range that had already been increased earlier.
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ZENRIN to Join The HERE Marketplace
Japanese mapping company to offer its location data via global location data exchange hub from HERE
ZENRIN is the Japanese market leader for mapping and navigation. The company develops best-in-class digital maps of Japan which can be used for a variety of automotive and IoT use cases, including navigation, routing, ADAS, visualization and search. By offering its rich set of quality location data via the HERE Marketplace and utilizing the extensive HERE ecosystem around location content, ZENRIN is broadening its data market for the mapping needs of customers worldwide.
Jennings County opens PPE Marketplace | Local News Digital
NORTH VERNON, Ind. – The Jennings County Economic Development Commission (EDC) announced the launch of its PPE Marketplace on Monday. A collaboration between the EDC and North Vernon Redevelopment commission helped make it possible.
The marketplace will reportedly offer disposable KN-95 face masks and hand sanitizer, at no charge, for Jennings County businesses and non-profits with under 50 employees. Varying amounts of supplies will be given out depending on the size of the company.
Insurance Considerations to Enter Health Insurance Marketplace
State and federal deadlines for entrants into the 2022 market (i.e. timeline for securing a certificate of authority, lead time for establishing an adequate provider network, etc.).
States may have mandated benefits that carriers are required to offer in addition to the state benchmark plans; and some states permit stand-alone pediatric dental plans.
The 2021 maximum annual limits on cost-sharing set by HHS ($8550 for self-only coverage and $17100 for all other coverage).
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InPark Magazine – Knott’s California Marketplace now open
Additional locations of Knott's Berry Farm's California Marketplace have re-opened to the public. The following locations are now open: Mrs. Knott's Chicken Dinner Restaurant, Starbucks, Cable Car Kitchen, Peanuts Headquarters, Candy Parlour, Marketplace Emporium, and Virginia's Gift Shop, in addition to the already open Chicken-To-Go, The Knott's Berry Market and Bakery.
**All associates and guests must wear a facial covering while in the Knott's California Marketplace store locations and restaurants – masks are not required when eating
Online Marketplace Bonanza Creates Seller Advisory Panel - EcommerceBytes
Bonanza created a Seller Advisory Panel and today, it announced the inaugural members. Greg Braukus, who joined the company in January to run the marketplace and reconnect with sellers, described the purpose of the panel in a blog post:
“The Seller Advisory Panel will provide critical insights and guidance on multiple levels of our business. First and foremost, they will bring a much-needed voice into the development of our product roadmap and our strategic planning. On a more tactical level, they will also assist with completing surveys, evaluating new tools, and sharing their business perspectives.”
The legacy of slavery in this economy - Marketplace
Entering the Global Economy Through a Digital Marketplace - Global Atlanta
International eCommerce can be a good way for small and medium size businesses to not only expand their global footprint, but also create a sustainable and diverse business model. In a digital world where people and shoppers conduct most of their purchases online, digital marketplaces offer a great platform for businesses to put their products in front of customers from across the world and scale quickly.
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