By Dennis K. Berman
Zipcar changed the world. But that didn’t make it a good public company. It was a pretty awful one, in fact.
By most mortal measures, today’s $500 million sale to Avis would appear to represent an entrepreneurial high point. But that’s far from the case. Even with a nearly 50% stock premium, the stock is well below it’s 52-week high, and less than half the $30 that investors were paying per share right after its April, 2011 debut. It lost 39% of its value last year alone.
Read full story at: http://blogs.wsj.com/corporate-intelligence/2013/01/02/zipcar-entrepreneurial-genius-public-company-failure/
