Zipcar Will Price IPO Between $14-$16

Car sharing service Zipcar Inc. expects its initial public offering to be priced between $14 and $16 per share, Reuters reported. The company said in an amended filing with the U.S. Securities and Exchange Commission, that it plans to sell 6.6 million shares, while stockholders will sell an additional 1.6 million shares, Reuters reported. Zipcar has raised more than $60 million from venture capital firms including Benchmark Capital, Greylock Partners, Globespan Capital Partners, Meritech Capital Partners and Pinnacle Ventures.

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