RENEE MONTAGNE, host: NPR's business news starts with a strong IPO for Zipcar.</s>RENEE MONTAGNE, host: The car-share company got off to a fast start in its first day as a publicly-traded company. Shares opened at $18 and rose to $28 by the close of the day yesterday. Zipcar, which rents cars to city dwellers by the hour, is growing fast but still looking for its first profitable year.
The car-sharing company got off to a fast start on Thursday – its first day as a publicly traded company. Shares opened at $18 and rose to $28 by the close of the day. Zipcar, which rents cars to city dwellers by the hour, is growing fast but is still looking for its first profitable year.