eHi Car Services Ltd., a top Chinese car rental company, is planning a US IPO to raise around $300 million. Partnering with major financial institutions, the firm seeks to make a global impact and could pave the way for other Chinese companies.
The success of this IPO may reshape the car rental industry and influence international investment in Chinese enterprises.
The company was formerly invested by Chinese online travel giant Trip.com Group, but it got delisted from the New York Stock Exchange in 2019 after a $850 million take-private deal.
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