TRUK News

This week saw four companies file for IPOs including family-owned trucker Schneider National (SNDR), packaging film manufacturer Klöckner Pentaplast (KP), E&P Jagged Peak Energy (JAG), and SPAC FinTech Acquisition II (FNTEU). There were no pricings this week and there is nothing on the calendar for...read more

Truck Hero, an acquisitive manufacturer and online retailer of branded pickup truck accessories, withdrew its plans for an initial public offering on Wednesday. It had originally filed in October 2015 to raise $200 million by offering 11.1 million shares at a price range of $17 to $19. The Ann Arbor, MI-based company was founded in 2007 and booked $391 million in sales for the...read more

Two-thirds of initial public offerings in the past three months have priced below the range, making intense pricing pressure the new normal for the IPO market. Several companies appear to be betting that “the future will be better tomorrow” as IPOs postpone or simply wait in the pipeline until 2016, rather than slash their valuations like Square (SQ)...read more

Truck Hero, an acquisitive manufacturer and online retailer of branded pickup truck accessories, postponed its IPO on Thursday citing poor market conditions. The company had planned to raise $200 million, with half the proceeds going to insiders. In a ...read more