NEW YORK (TheStreet) -- Shares of TrueCar were falling 0.9% to $17.33 Wednesday after the online car pricing company priced a public offering. The company priced the 6,402,601 shares of its common stock in the follow-on offering at $17 a share. TrueCar will offer 1 million shares of common stock in the offering, and other unspecified stockholders will sell the other 5,402,601 shares of its common stock in the offering. TrueCar won't receive any proceeds from the shares sold by the selling stockholders. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TrueCar founder and CEO Scott Painter may purchase up to 29,411 share of common stock in the offering for an aggregate price of up to about $500,000. TRUE data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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