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LINC Logistics sets terms for $170 million US IPO

By Renaissance Capital,  April 26, 2012, 09:09:42 AM EDT

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.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, IPOs

Referenced Stocks: LLGX



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