Comments on: Zipcar Raises $21M; IPO Off?

By: Zipcar Extends Option to Buy Up Majority of Avancar: Cleantech News and Analysis «

Tue, 04 Jan 2011 17:39:56 +0000

[...] flux. The company has been planning to raise $75 million in an IPO since the summer, but then also recently raised $21 million in a Series G financing round. Companies usually don’t raise money and then IPO back to back. Zipcar needs several more [...]

By: It Ain’t Cheap to Be A Car Sharing Company: Cleantech News «

It Ain’t Cheap to Be A Car Sharing Company: Cleantech News « — Tue, 28 Dec 2010 20:19:27 +0000

[...] of these expenses are why Zipcar filed for an IPO this year, and also more recently raised $21 million in a series G financing round. Car sharing costs big [...]

By: 7 Steps Toward Shared Vehicles in 2010: Cleantech News «

7 Steps Toward Shared Vehicles in 2010: Cleantech News « — Mon, 27 Dec 2010 05:11:09 +0000

[...] Zipcar Guns for IPO: The car sharing market fielded its first IPO registrant this year, with Zipcar filing in June to raise up to $75 million in a public offering. Plans for proceeds from the offering 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. Then again, the company raised a $21 million Series G financing round earlier this month, which could mean the IPO is on the rocks. [...]