YayYo Inc (NASDAQ:YAYO), a ride sharing company based in Beverly Hills, went public Wednesday with an $11 million IPO.
The company, which has flirted with listing since late 2018, offered an upsized 2.6 million shares at a price of $4 per share.
The three-year-old company is organized into two business segments - ridesharing and fleet management. It operates the online platform Ridesharerental.com, which connects its fleet management, other fleet owners and selected individual car owners with Rideshare drivers seeking rental vehicles.
Shares opened Wednesday at $4.05 and slid to $3.37 on Thursday afternoon, 16% below the IPO price.
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