Zipcar Shares Do Well In Strong IPO

from National Public Radio

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.

Broadcast Dates

• Morning Edition, April 15, 2011