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Cindie Yaste Gsa Fleet Services Clip Of The Day

Rental-Car Companies Ready for IPO Debut

WASHINGTON (AP) - Hertz's initial public offering plans barely had time to register with investors this summer before rival Vanguard Car Rental Group Inc., the operator of the National Car Rental and Alamo Rent A Car brands, unveiled its own IPO earlier this month.

Vanguard's filing to launch its own public sale came less than three weeks after Hertz Global Holdings Inc.'s filing on July 14. Both companies are expected to debut before the end of this year, and both are being brought to market by the private-equity investors that own them.

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