IPO News Archive
LINC Logistics sets terms for $170 million US IPO
LINC Logistics Company, which offers supply chain logistics services primarily to the US auto industry, announced terms for its IPO on Thursday. The Warren, MI-based company plans to raise $170 million by offering 11.3 million shares (13% insider) at a price range of $14 to $16. At the midpoint of the proposed range, LINC Logistics Company would command a market value of $462 million. LINC Logistics Company, which was founded in 1992 and booked $291 million in sales for the 12 months ended 12/31/2011, plans to list on the NASDAQ under the symbol LLGX. Citi and Stifel Nicolaus Weisel are the joint bookrunners on the deal.