{"id":464660,"date":"2021-03-24T17:12:20","date_gmt":"2021-03-24T21:12:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464660"},"modified":"2021-03-24T17:12:20","modified_gmt":"2021-03-24T21:12:20","slug":"rand-capital-congratulates-acv-auctions-inc-on-successful-ipo","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rand-capital-congratulates-acv-auctions-inc-on-successful-ipo\/","title":{"rendered":"Rand Capital Congratulates ACV Auctions Inc. on Successful IPO"},"content":{"rendered":"

<\/p>\n

Rand Capital Congratulates ACV Auctions Inc. on Successful IPO<\/b><\/p>\n

BUFFALO, N.Y.–(BUSINESS WIRE<\/a>)–
\nThe Board of Directors of Rand Capital Corporation<\/a> (Nasdaq:RAND) (\u201cRand\u201d) and the management team extend their congratulations to the ACV Auctions Inc. team on their successful initial public offering (\u201cIPO\u201d) today.\n<\/p>\n

\nPete Grum, President and CEO of Rand Capital, stated, \u201cAs an early investor in ACV, we are proud to have been a part of their success and offer our heartfelt congratulations for the fast-pace at which they have developed their technology and advanced their business. We were happy to support management and their vision to change the world of the wholesale automobile marketplace. Importantly, they too are a Buffalo-based company and this is a great day for Buffalo!\u201d\n<\/p>\n

\nRand invested in ACV Auctions acquiring Series Seed II Preferred stock in August 2016. Following the IPO, Rand now holds 590,580 shares of ACV\u2019s common stock.\n<\/p>\n

ABOUT RAND CAPITAL
\n
<\/b>Rand Capital (Nasdaq:RAND) is an externally-managed Business Development Company (BDC) with a wholly-owned subsidiary licensed by the U.S. Small Business Administration (SBA) as a Small Business Investment Company (SBIC). The Company\u2019s investment objective is to maximize total return to its shareholders with current income and capital appreciation by focusing its debt and related equity investments in privately-held, lower middle market companies with committed and experienced managements in a broad variety of industries. The Company\u2019s investment activities are managed by its external investment adviser, Rand Capital Management, LLC. Additional information can be found at the Company\u2019s website where it regularly posts information: https:\/\/www.randcapital.com\/<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210324005959\/en\/<\/a><\/span><\/p>\n

Company:
\n<\/b>
Allen F. (“Pete”) Grum
\n
President and CEO
\n
716.853.0802
\n
pgrum@randcapital.com<\/a><\/p>\n

Investors:
\n<\/b>
Deborah K. Pawlowski
\n
Kei Advisors LLC
\n
716.843.3908
\n
dpawlowski@keiadvisors.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Professional Services Small Business General Automotive Automotive<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Rand Capital Congratulates ACV Auctions Inc. on Successful IPO BUFFALO, N.Y.–(BUSINESS WIRE)– The Board of Directors of Rand Capital Corporation (Nasdaq:RAND) (\u201cRand\u201d) and the management team extend their congratulations to the ACV Auctions Inc. team on their successful initial public offering (\u201cIPO\u201d) today. Pete Grum, President and CEO of Rand Capital, stated, \u201cAs an early investor in ACV, we are proud to have been a part of their success and offer our heartfelt congratulations for the fast-pace at which they have developed their technology and advanced their business. We were happy to support management and their vision to change the world of the wholesale automobile marketplace. Importantly, they too are a Buffalo-based company and this is a great day for … <\/p>\n

Continue reading “Rand Capital Congratulates ACV Auctions Inc. on Successful IPO”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464660","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRand Capital Congratulates ACV Auctions Inc. on Successful IPO - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rand-capital-congratulates-acv-auctions-inc-on-successful-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rand Capital Congratulates ACV Auctions Inc. on Successful IPO - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Rand Capital Congratulates ACV Auctions Inc. on Successful IPO BUFFALO, N.Y.–(BUSINESS WIRE)– The Board of Directors of Rand Capital Corporation (Nasdaq:RAND) (\u201cRand\u201d) and the management team extend their congratulations to the ACV Auctions Inc. team on their successful initial public offering (\u201cIPO\u201d) today. Pete Grum, President and CEO of Rand Capital, stated, \u201cAs an early investor in ACV, we are proud to have been a part of their success and offer our heartfelt congratulations for the fast-pace at which they have developed their technology and advanced their business. We were happy to support management and their vision to change the world of the wholesale automobile marketplace. 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