RumbleOn Files For $23 Million Class B Share Sale On Nasdaq

Quick Take

Motorcycle marketplace RumbleOn (OTCQB:RMBL) wants to float up to $23 million in Class B shares for an offering on the Nasdaq.

RumbleOn operates a motorcycle marketplace that aims to remove the friction from buying and selling motorcycles online.

The firm has a potentially promising future as it seeks to disrupt powerful incumbents, but is very early stage and seeks a large amount of funding from public investors while concentrating voting power in the hands of a few.

I’ll provide an update when we know more details about the offering.

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