eHi Car Services prices IPO at $12, the low end of the range

eHi Car Services, a Chinese car rental service with an 18,000 vehicle fleet in 90 cities, raised $120 million by offering 10 million ADSs at $12, the low end of the range of $12 to $14. eHi Car Services plans to list on the NYSE under the symbol EHIC. eHi Car Services initially filed confidentially on 6/30/2014. J.P. Morgan and Goldman Sachs (Asia) acted as lead managers on the deal.