Swift Transportation, the largest truckload carrier in North America, announced terms for its IPO on Tuesday. The Phoenix, AZ-based company plans to raise $943 million by offering 67.3 million Class A shares at a price range of $13-$15. At the mid-point of the proposed range, Swift Transportation will command a market value of $1.8 billion. Swift Transportation, which was founded in 1966 and booked $2.8 billion in sales for the 12 months ended September 30, plans to list on the NYSE under the symbol SWFT. Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities are the lead underwriters on the deal, which is expected to price during the week of December 13.
