Car-Sharing Service Turo Files for IPO Showing Revenue Jump (1)

Car-sharing business Turo Inc. filed for an initial public offering, revealing its revenue as well as its losses accelerated during the coronavirus pandemic.

The San Francisco-based company said in August that it had submitted its IPO registration to the U.S. Securities and Exchange Commission. In its public filing Monday, Turo listed the size of the offering as $100 million, a placeholder that will change when terms of the share sale are set.

Turo, which competes with Getaround Inc., works by connecting car owners with short-term renters, functioning as an Airbnb for cars. By offering short duration trips from a ...