RV Marketplace Outdoorsy Said Exploring IPO as Soon as This Year
- Startup working with Goldman Sachs Group ahead of debut
- Company raised fresh equity and debt financing in June
Outdoorsy said it raised $90 million in equity from investors.
Photographer: George Frey/BloombergOutdoorsy, a marketplace for renting recreational vehicles, is exploring going public as soon as the fourth quarter, according to people with knowledge of the matter.
The Austin, Texas-based startup is working with Goldman Sachs Group Inc. on a potential filing ahead of a U.S. initial public offering that may value it at more than $1 billion, some of the people said. Outdoorsy held advanced merger discussions with special purpose acquisition companies earlier this year, deciding instead to pursue fresh financing, one of the people said. Terms may change and no final decisions have been made regarding an IPO. It’s possible timing could slip or that the company elects to remain private.