VC-backed eHi Car Services raises $120m in US IPO
EHi Car Services, a Shanghai-based car rental company backed by a string of VC investors, has raised $120 million through an IPO on the New York Stock Exchange (NYSE).
The company, which claims to be China's second-largest car rental services provider, sold 10 million American Depository Shares (ADS) at $12 apiece, the bottom end of the indicative range, according to...
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