initial public offerings (IPOs) trading on American exchanges

Thursday, April 14, 2011

Zipcar (ZIP) started trading on the NASDAQ on 14 April 2011

Zipcar, Inc. (Zipcar) operates a car sharing network. The Company provides over 400,000 members, also known as Zipsters, with self-service vehicles that are located in reserved parking spaces throughout the neighborhoods where they live and work.

The Company’s vehicles are available for use by the hour or by the day through its reservation system, which is available by phone, Internet or wireless mobile devices. Once the vehicle is reserved, a Zipster simply unlocks the vehicle with his or her keyless entry card (called a Zipcard) and drives away. Its all-inclusive rates include gas and insurance so Zipsters can estimate the total cost of their trips. The Company has two segments: North America and the United Kingdom. In On April 21, 2010, the Company acquired Streetcar Limited.

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