GC
China’s eHi Car steers investors to $140m NYSE listing
China’s eHi Car Services opened books for its $140m New York IPO on November 4, with plenty of anchor support.
The car rental and car services provider, which started pre-marketing the IPO in mid-October, is offering investors 10m American Depositary Shares at a price range of $12.00-$14.00. Each ADS is equivalent to two class A common shares.
Valuation works out to a 2015 EV/Ebitda of 5.9x-6.8x — a discount ...Already a subscriber? Login
