Keep on truckin': Truck Hero sets terms for $200 million IPO

Truck Hero, a roll-up manufacturer and distributor of branded pickup truck accessories, announced terms for its IPO on Monday.

The Ann Arbor, MI-based company plans to raise $200 million by offering 11.1 million shares (50% insider) at a price range of $17 to $19. At the midpoint of the proposed range, Truck Hero would command a fully diluted market value of $710 million.

Truck Hero, which was founded in 2007 and booked $493 million in sales for the 12 months ended September 30, 2015, plans to list on the NYSE under the symbol TRUK. J.P. Morgan, Baird and BofA Merrill Lynch are the joint bookrunners on the deal. It is expected to price during the week of November 16, 2015.