Chinese Car Rental Firm eHi Weighing $300 Million US IPO, Sources Say
- CICC, Deutsche Bank, JPMorgan, UBS working on potential deal
- Shanghai-based eHi taken private, delisted from NYSE in 2019
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eHi Car Services Ltd., a Shanghai-based car rental company, is considering a return to the US capital market with an initial public offering that may raise about $300 million as soon as this year, according to people familiar with the matter.
The company, which was delisted from the New York Stock Exchange in 2019 after a $850 million take-private deal, is working with China International Capital Corp., Deutsche Bank AG, JPMorgan Chase & Co. and UBS Group AG on the potential share sale, said the people. eHi may file confidentially for the listing once it clears regulatory approvals in China, the people said.