Thursday, April 14, 2011

What ZipCar's IPO means for car-sharing

Car-sharing company ZipCar is expected to hit the public markets afterward this week, after some fits and starts caused by anti-trust issues in Britain. It would have an preliminary market cap of approximately $618 million, were it to price its IPO at the high end of its future $14-$16 per share range.

To get a better sense of what this listing could mean for the burgeoning car-sharing market, I spent various time on the phone with Shelby Clark, founding CEO of Relay Rides, a Google Ventures-backed company that lets users "borrow" their neighbors' car (ZipCar owns its individual fleet).

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