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3 months ago
Carvana's shares fall 10 pct in debut
April 28, 2017 / 2:13 PM / 3 months ago

Carvana's shares fall 10 pct in debut

1 Min Read

April 28 (Reuters) - Shares of Carvana Co, which uses vending machine-like towers to sell used cars, fell 10 percent in their debut.

The company's shares opened at $13.50 on Friday, below the IPO price of $15, which valued the company at about $2 billion.

Carvana sells cars through its website and also provides financing.

Reporting by Diptendu Lahiri in Bengaluru; Editing by Sriraj Kalluvila

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