Hertz Prepares for New Nasdaq Listing
The rental operator has filed a registration statement for a proposed public offering of its common stock.
The public offering should commence in Q4 2021. Hertz will trade under its old symbol HTZ.
Photo via Enjosmith/Flickr
Hertz Global Holdings, Inc. announced on Oct. 15 that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public offering of its common stock.
The news comes shortly after the company announced Mark Fields as interim CEO and Paul Stone president and chief operations officer.
The terms of the offering have not yet been determined, a news release states.
The offering is expected to be complete in the fourth quarter of 2021, subject to market conditions and completion of regulatory review.
Hertz currently trades on the over-the-counter market under the symbol "HTZZ". It intends to apply to list its common stock under the symbol "HTZ" on the Nasdaq Global Select Market in connection with the offering.
Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC are acting as lead-bookrunning managers for the proposed offering. Barclays Capital Inc. and Deutsche Bank Securities Inc. are acting as additional bookrunners.
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