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.
