The world's largest car rental company Hertz will be listedOn Wednesday, was purchased by private consortia in less than a year, the world's largest car rental company Hertz (Hertz Global Holdings Inc.) You will enter the IPO (listed) program, is expected to release of 88 million shares, about US $ 1.58 billion. Current market expectations for Hertz is, $ 16 to $ 18 per share, such as smooth, its size will be second only to MasterCard IPO (Master Card) $ 2.6 billion, the year ranking second.
last September, the troubled United States car manufacturer Ford announced the consolidation of core business, it had to sell its Hertz for $ 5.6 billion to the CD&R Consortium, the Carlyle Group and Merrill Lynch Global Private Equity. Plus debt, Hertz's actual price is about $ 15 billion.
Hertz advance listing, industry insiders pointed out that, in line with private investment, accelerating cash flow expectations.