RumbleOn Inc. has raised $14.5 million in a stock offering, according to a filing with the Securities and Exchange Commission.

The Charlotte-based online retailer of used motorcycles announced a price of $5.50 per share of an underwritten public offering of 2.91 million shares of class B common stock.

Roth Capital Partners and Maxim Group LLC acted as joint book-running managers for the offering and have been granted a 30-day option to purchase up to an additional 436,500 shares of class B common stock until Nov. 19.

RumbleOn filed for an initial public offering on Sept. 1 and began trading shares on Nasdaq under the symbol RMBL on Oct. 19.

RumbleOn is currently trading at $4.65, a 3.33 percent increase since the market opened on Wednesday.