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China Auto Rental postpones IPO

By Renaissance Capital,  April 25, 2012, 09:10:46 AM EDT

China Auto Rental, which operates the largest car rental service in China, postponed its IPO on Wednesday because of poor market conditions. The Beijing, China-based company was founded in 2007 and booked $123 million in sales for the 12 months ended 12/31/11. Morgan Stanley, J.P. Morgan and BofA Merrill Lynch were set to be the lead underwriters on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, IPOs

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