zipcar ipo - Zipcar Shares Do Well In Strong IPO

zipcar ipo - Zipcar Shares Do Well In Strong IPO : Zipcar Inc., the world's biggest car-sharing service, said Tuesday that it has filed the necessary paperwork to launch a public offering that could reap as much as $75 million. With the help of Goldman Sachs, Cambridge, Mass.-based Zipcar plans to offer its shares under the ticker symbol "ZIP" and use the proceeds to pay down debt.

The car-sharing company got off to a fast start on Thursday ? its first day as a publicly traded company. Shares opened at $18 and rose to $28 by the close of the day. Zipcar, which rents cars to city dwellers by the hour, is growing fast but is still looking for its first profitable year. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

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