Point Roberts, WA - April 14 , 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com a leader in sector stock research including the green and renewable energy sector reports on trading for newly listed green rental car company Zipcar (NASDAQ: ZIP). The stock’s IPO debut gains investor interest in the sector again as it trades at $28.25 up 10.25 (56.94%), trading as high as $31.50.
Zipcar sold 6,666,667 shares of common stock and certain selling stockholders are offering 3,017,442 shares of common stock. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,452,617 shares at the initial public offering price.
Zipcar intends to use the net proceeds from this offering for repayment of certain debt, business expansion, working capital and other general corporate purposes, including the development of new services, sales and marketing activities and capital expenditures. Zipcar will not receive any proceeds from the sale of shares by the selling stockholders.
Green Car Company Snapshots
Zipcar (NASDAQ: ZIP). Zipcar is the world's leading car sharing network with more than 560,000 members and over 8,000 vehicles in urban areas and college campuses throughout the United States, Canada and the United Kingdom. Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to residents and businesses looking for an alternative to the high costs and hassles of owning a car.
EVCARCO (OTC.BB: EVCA) - Green, Electric Cars and Natural Gas Vehicles
EVCARCO (OTC.BB:EVCA) (www.evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles
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