Zipcar Plans IPO

The Cambridge, Mass.-based Zipcar Inc., a car-sharing company, has announced is planning an initial public offering (IPO), according to the Bloomberg News.

The company plans to sell shares to the public some time in 2010.

Additionally, Zipcar’s CEO Scott Griffith announced the company would post its first profit in the third quarter. Sales are expected to reach $120 million for all of 2009.

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

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

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.

Job Finder: Access Top Talent. Fill Key Positions.