Zipcar Expects Profit, To Go Public
June 11, 2009
Car-sharing service Zipcar Inc
. said it will post its first profit in the third quarter and go public in early 2010.
The company, with a fleet of 6,500 vehicles and car-sharing services in the U.S. and the U.K., expects revenues to reach $120 million this year and to hit $1 billion within a decade.
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