Cambridge-based automotive shopping website CarGurus Inc. is pursuing an initial public offering of up to $100 million, according to a form filed Friday with the U.S. Securities and Exchange Commission.
It’s the only Massachusetts tech company to file for an IPO so far in 2017. The company hopes to be listed on the Nasdaq exchange under the symbol “CARG.”
Langley Steinert, chief guru at CarGurus.
W. Marc Bernsau
The company has been growing rapidly, doubling its revenue year-over-year to hit $198.1 million in 2016. Revenue for the first six months of 2017 was $143.3 million, a 70 percent increase from the same period last year.
It’s also making money: adjusted EBITDA for the…