Deals
TrueCar Said to Consider IPO Next Year for Online Auto Retailer
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TrueCar Inc., an online auto-shopping service, is considering selling shares in an initial public offering in the first half of 2014, two people with knowledge of the matter said.
The company is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on the IPO, said the people, who asked not to be identified because the process is private. TrueCar, based in Santa Monica, California, may seek a market value of as much as $1.5 billion in the share sale, one person said.