HyreCar Inc., a peer-to-peer ridesharing platform, announced the pricing of its initial public offering of 2,520,000 shares of its common stock at a price to the public of $5.00 per share. The shares were expected to begin trading on the Nasdaq Capital Market  June 27, 2018, under the symbol “HYRE.” The offering is expected to close on June 28, 2018, subject to customary closing conditions.

In addition, HyreCar has granted the underwriters a 45-day option to purchase up to 378,000 additional shares of common stock at the initial public offering price less underwriting discounts.

Network 1 Financial Securities, Inc. is acting as the managing underwriter for the offering.