Employee relocation company SIRVA files for a $175 million IPO

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SIRVA, which provides a comprehensive suite of relocation services for corporate and government employees, filed on Friday with the SEC to raise up to $175 million in an initial public offering. It had previously traded on the NYSE until its stock was delisted in 2007 for trading below the minimum price level. The Oakbrook Terrace, IL-based company, which was founded in 1998 and booked $2 billion in sales for the fiscal year ended December 31, 2013, has yet to announce an exchange or a ticker. Morgan Stanley, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.

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This article appears in: News Headlines , IPOs


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