RERMAG

Hertz Files For IPO

Hertz Global Holdings last week filed a registration statement with the Securities & Exchange Commission for an initial public offering of its common stock. Terms of the offering have not yet been set. The company intends to apply to list its common stock on the New York Stock Exchange under the symbol “HTZ”.

The offering is being made through an underwriting syndicate including Goldman Sachs, Lehman Brothers, Merrill Lynch, Deutsche Bank and JP Morgan.

Hertz owns the largest worldwide general-use car rental brand in the United States and the third-largest equipment rental company, although that ranking may slip to fourth with the announced acquisition of NationsRent by Sunbelt Rentals.


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