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Zipcar Shares Do Well In Strong IPO

RENEE MONTAGNE, host:

NPR's business news starts with a strong IPO for Zipcar.

(Soundbite of music)

MONTAGNE: The car-share company got off to a fast start in its first day as a publicly-traded company. Shares opened at $18 and rose to $28 by the close of the day yesterday. Zipcar, which rents cars to city dwellers by the hour, is growing fast but still looking for its first profitable year. Transcript provided by NPR, Copyright NPR.