Hertz's China Partner, CAR Inc, announces Initial Public Offering
22/09/2014 18:13
The Hertz Corporation on Friday said that it is poised to enhance its presence in the world's fastest growing economy as its car rental partner in China uses an initial public offering (IPO) to increase its rental fleet, reported media.
CAR Inc., China's biggest car rental company, launched its IPO on the Hong Kong stock exchange (HKEx) today.
The expansion of CAR's fleet is intended to satisfy the rapidly growing demand for car rental vehicles in China – a research study on the market cited in CAR's IPO prospectus projects the car rental sector will enjoy a compound annual growth rate (CAGR) of 14 per cent through 2018.
CAR reports in its IPO prospectus that it has the largest car rental fleet in China, one that is larger than the aggregate fleet size of the next nine largest car rental companies and over four times that of the second largest car rental company in China.
22/09/2014 18:13
The Hertz Corporation on Friday said that it is poised to enhance its presence in the world's fastest growing economy as its car rental partner in China uses an initial public offering (IPO) to increase its rental fleet, reported media.
CAR Inc., China's biggest car rental company, launched its IPO on the Hong Kong stock exchange (HKEx) today.
The expansion of CAR's fleet is intended to satisfy the rapidly growing demand for car rental vehicles in China – a research study on the market cited in CAR's IPO prospectus projects the car rental sector will enjoy a compound annual growth rate (CAGR) of 14 per cent through 2018.
CAR reports in its IPO prospectus that it has the largest car rental fleet in China, one that is larger than the aggregate fleet size of the next nine largest car rental companies and over four times that of the second largest car rental company in China.
