Trans-cab pulls IPO as EHi Car refuses to change gear

Two companies make very different decisions regarding their IPOs after "unexpected" new information requires them to change their prospectus.

Trans-cab pulls IPO as EHi Car refuses to change gear

Singapore's Trans-cab Holdings pulled its S$114.2 million $93 million initial public offering on Monday after the company revealed an unexpected addition to its insurance premium.

Shanghai's EHi Car Service, on the other hand, is on the verge of pricing its New York Stock Exchange listing despite the lodging of a damaging FWP Free Writing Prospectus with the US Securities Exchange Commission.

Trans-Cab returns to the taxi rank

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