Zipcar Zooms to Public Status, IPO to Price on April 13
Zipcar, the car sharing service backed by Benchmark Capital and Greylock Partners, set the price range for its expected IPO. Cambridge, Mass.-based Zipcar plans to sell 8.3 million shares at $14 to $16 each, according to a March 30 regulatory filing. Zipcar is offering about 6.7 million shares while selling stockholders are offering another 1.66 million shares. Zipcar plans to trade under the ticker symbol "ZIP" on the Nasdaq. The underwriters have the option to buy another 1.25 million shares.
30 March 2011•2 mins read
