US listing by Chinese company

China Auto Rental gears up for US listing

The industry leader starts pre-marketing for an IPO that could raise up to $300 million -- if it can convince US investors to look at a Chinese company again.

<div style="text-align: left;"> Millions of people in China have a driver’s license but no car, creating a big opportunity for companies like China Auto Rental (Imaginechina)</div>

Anette Jönsson

March 30, 2012

China’s largest car rental company, China Auto Rental, has decided to brave the soggy appetite among US investors for Chinese companies and move forward with its plan to list on Nasdaq. Bankers working with the company started pre-marketing for a US initial public offering on Tuesday this week with the aim of kicking off a management roadshow after Easter, although the exact timetable has yet to be set.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.