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.

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