 Bloomberg -- Auto sales platform Vroom Inc. expanded its U.S. initial public offering and priced it above the marketed range to raise 468 million.The company, whose backers include L Catterton, General Catalyst Partners and T. Rowe Price Associates Inc., sold 21.25 million shares for 22 each on Monday, according to a statement confirming a report by Bloomberg. Vroom earlier marketed 18.75 million shares for 18 to 20 each, according to its filings with the U.S. Securities and Exchange Commission.Vroom, which sells used vehicles online, moved up the pricing of the IPO to Monday after earlier planning to sell the shares on Wednesday. The company is valued in the offering at more than 2.5 billion based on the larger IPO size and the outstanding shares listed in its filings.While the IPO market heated up last week with more than 7 billion raised globally, venture-backed listings have been largely missing in action. ZoomInfo Technologies Inc., the business intelligence firm whose IPO raised 935 million on Wednesday, was the first technology listing in the U.S. since Chinese cloud service provider Kingsoft Cloud Holdings Ltd.s IPO in April. ZoomInfos backers included TA Associates and Carlyle Group Inc.Loss GrowsVroom had a net loss of 41 million on revenue of 376 million for the three months ended March 31, compared with a loss of 27 million on 235 million in revenue for the same period last year.The Covid-19 pandemic might spur more car buyers to shop online, Vroom said in its filing. According to a CarGurus survey in April, 61 of respondents were open to buying a vehicle online, compared with 32 before the pandemic, Vroom said.Goldman Sachs Group Inc., Bank of America Corp., Allen Co. and Wells Fargo Co. are leading the offering. Vrooms shares are expected to begin trading Tuesday on the Nasdaq Global Select Market under the symbol VRM.Updates with market value in third paragraph. The description of Vroom was corrected in an earlier version of this story.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.2020 Bloomberg L.P. 