No profits, no problem. Car-sharing service Zipcar (ZIP) is having a huge first day on the public markets, with its stock climbing 70% above its $18 per share IPO price at one point. As of last check, the shares were at around $28.58, which puts the Cambridge, Mass.-based company's market cap at a whopping $1.1 [...]
Source: http://finance.fortune.cnn.com/2011/04/14/zoom-zoom-zipcar-is-a-1-billion-company/
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