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Car-sharing for ride-hailing company HyreCar files for IPO

HyreCar Inc. hyre a company that appears to be a hybrid between Uber and Airbnb, is having a look to move public, consistent with a Securities and Exchange Commission submitting late Wednesday. HyreCar mentioned it plans to provide 2 million stocks, with an added 300,000 for underwriters to hide overallotments, at $five to $6 apiece, which at the high end would worth the company at simply over $61 million. HyreCar is a car-sharing platform that shall we vehicle owners hire out their idle automobiles to drivers for ride-hailing products and services like Uber Technologies Inc. and Lyft Inc. "whose automobiles could not meet the standards imposed by such ride-sharing companies," the company mentioned. HyreCar plans to checklist below the ticker "HYRE" on the Nasdaq. The company reported income of $3.2 million and a web loss of $4.6 million for the year ended Dec. 31, 2017. HyreCar has already raised $five.five million in venture capital investment, accordign to Crunchbase.