eHi Car kicks off roadshow for $190m IPO

The Shanghai-based car hire company hopes to piggyback on the success of recently-listed CAR and has identified three private placement investors.

eHi Car kicks off roadshow for $190m IPO

eHi Car Services, the Shanghai-based car hire and chauffeuring company, has kicked off formal roadshows and secured three private placement investors ahead of its planned US flotation.

Dongfeng Asset Management, a subsidiary of Dongfeng Motor Corporation, Kunyu Capital and Chinese travel service Ctrip Investment Holding have pledged a combined $50 million in the fast-expanding but still loss-making company, according to a banker close to the deal.

The three investors will purchase...

To continue reading, please login or register for free

Click for more on: ipo | jp morgan | goldman sachs | deutsche bank | autos

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...