Zipcar Whizzing Toward an IPO

Zipcar is going public. The car-sharing firm led by Scott Griffith that lets you "borrow" one of its 6,500 vehicles for as little as an hour at a time, has filed a registration statement with the SEC for an IPO. Last month, the firm implemented a $70
million ABS program in order to fund further expansion of its fleet.
The proceeds from the IPO will be used in part to pay off some of its
debt while it continues to grow.

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