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.

China Auto Rental gears up for US listing

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.

According to company filings with the US...

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