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Zipcar Goes Public


Zipcar, the largest car-sharing player in the North America, filed the paperwork this week for a $75 million initial public offering (IPO).

“Zipcar’s plans for the proceeds from the [IPO] include, among other things, repaying more than $40 million in debt, developing new services, expanding its fleet and paying some $5 million to shareholders in the recently acquired Streetcar.”

Zipcar boasts 7,000 vehicles, more than 400,000 members, and it relies on the web, software, data centers, GPS, mobile networks and other communication tools to provide mobility as a service. We have always respected what this company does, and we look forward to what they will get up to in the future.

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