LeasePlan Mulls IPO After Strong First Half of 2017
Logo courtesy of LeasePlan.
LeasePlan is considering taking the company public after profits in Europe for the fleet management company in the first half of 2017 rose by approximately 18%.
An initial public offering of shares in a strategic review is one of several strategic initiatives being considered, according to Nasdaq.
The company's lease revenue grew to more than $3.8 billion in the first six months of the 2017, which was a $226 million increase over the same period in 2016, according to Asset Finance International.
LeasePlan's fleet rose to more than 1.7 million vehicles, a 5.7% increase, according to Fleet Europe. Fleets grew strongest in Western European countries such as the Netherlands, Germany, Italy and Portugal. This was fueled, in part, by the growth of its SME business, new international clients, and smaller corporate clients.