Zipcar expects profit soon, IPO planned for early next year
Zipcar's future might just be black. If the company's latest statement turns out to be accurate, then the car sharing service's first profitable quarter ever might be coming in the third quarter of this year. Then, in early 2010, the company plans to go public with an IPO. If the numbers found on Auto Observer hold up - revenues for 2009 should be $120 million, and then $1 billion within the next ten years - then someone call up that Mad Kramer guy.
The last time the company had any news that was this huge, it was either in late 2007 when they merged with FlexCar or earlier this week when the new door-unlocking iPhone app was revealed, depending on who you ask.
[Source: Auto Observer]
Add your comments