Daily topics EH tonight U.S. PO underwriters quit change

station network (www.admin5.com) November 14th news, the U.S. financial website iposcoop showed that a car will be local time on November 14th, this Friday officially listed on the NYSE, the trading symbol "EHIC", proposed by this transaction to sell 10 million shares of American Depositary Receipts (ADS), the issue price range of $12 to 14 dollars, the highest amount of $161 million financing plan.

car is still a hi the updated document released the 2014 fiscal third quarter earnings. Documents show that in the quarter as of September 30th, total net revenues of a car is 220 million 100 thousand yuan, compared to the same period last year to 148 million 300 thousand yuan, this increase is mainly due to net revenues from the car rental and car services are on the rise.

documents also show that a car in October 30, 2014 with Ctrip (NASDAQ: CTRP) subsidiary of Ctrip Travel Information Technology (Shanghai) Co., Ltd. reached a framework agreement to facilitate loans. According to the agreement, Ctrip will be entrusted by the form of bank loans before December 31, 2014 to hire a car for a total of 300 million yuan of loans, the loans for a period of three years, quarterly payment at 8%.

a car was founded in January 2006, mainly to provide comprehensive services for personal and business users, headquartered in Shanghai, as of June 30, 2014, the creation of more than and 700 direct service outlets in the country’s more than and 90 City, now has 100 kinds of models, the size of the team a total of more than 15000 taiwan.


Research Institute statistics show that in 2013 China’s online car rental market transactions reached 3 billion 420 million yuan, an increase of 69.5%. Expected in the next four years, online revenue growth of more than 20%. China online car rental market will usher in the outbreak of growth. Analysts generally believe that the rental market is still in a China primary stage, the future with the further development of the tourism market, and further opened the driver’s license number and hold the amount of private cars, car rental industry will become the next gold mine, and far undecided.

is worth mentioning is that Kunyu Capital is the second quit EHI IPO (IPO) project partners. A car in November 3rd second time to submit the Prospectus Documents, in October 3rd the first prospectus of the Deutsche Bank unexpectedly disappeared, the Underwriters column only JP Morgan, goldman.

related reading:

IPO on the eve of a car loss rate of expanded deutsche bank syndicate


EHI updated prospectus: three quarter net loss of 26 million 900 thousand yuan

IPO: a representation of EHI embarrassing cornerstone investors quit

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