Interesting tidbit here from MarketWatch. Zipcar has an IPO later on this week, and word on the street is that it is likely to soar. I think the stock might be a good short-term speculative buy out of the gate, but long-term I’m not so sure. Americans like owning their own cars, and I don’t see that changing anytime soon. But even if it doesn’t promise extraordinary returns, Zipcar may be a decent investment. I’ll have a close look at the prospectus in the near future and post my findings here.
Posted in: IPOPublished: 2011/04/12