China Auto Rental Postpones U.S. Initial Public Offering

Last week, China Auto Rental announced that it has postponed plans to offer public shares citing that after filing in January, the car rental company failed to attract enough investors for its $137.5 million deal, which it hoped would help to pay off debts and buy new vehicles, according to Reuters

China Auto Rental was the first China-based company to file for a U.S. listing since regulators changed rules on foreign registration.

For the full article from Reuters, click on the URL: http://www.reuters.com/article/2012/04/25/chinaautorental-idUSL3E8FP50M20120425

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

Job Finder: Access Top Talent. Fill Key Positions.