PE-backed China Auto Rental files for Hong Kong IPO
China Auto Rental, a car hire firm backed by Warburg Pincus, has revived IPO plans that were shelved in mid-2012, although it is now aiming to go public on the Hong Kong Stock Exchange rather than NASDAQ.
The company has made a regulatory filing but it has yet to disclose details as to the size and timing of the offering, or the composition of new and existing shares. Warburg Pincus invested $200 million...
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