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Keep on trucking: AmeriQuest postpones $74 million IPO

January 26, 2016
AMQ

AmeriQuest, which provides financial process and procurement services for the transportation sector, postponed its IPO on Tuesday. It had filed to raise $74 million by offering 6.2 million shares at a price range of $11 to $13.

The Cherry Hill, NJ-based company was founded in 1996 and booked $86 million in sales for the 12 months ended September 30, 2015. It had planned to list on the Nasdaq under the symbol AMQ. Raymond James and Stephens Inc. were set to be the joint bookrunners on the deal.