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LINC Logistics withdraws $170 million US IPO

By Renaissance Capital,  July 30, 2012, 05:44:43 PM EDT

LINC Logistics, which offers supply chain logistics services primarily to the US auto industry, withdrew its plans for an initial public offering on Monday. LINC Logistics, which initially filed in June 2010, postponed its IPO on May 11 earlier this year after it tried to raise $170 million. It was the company's second postponement, following an attempt to raise $138 million in October 2010.

The Warren, MI-based company was founded in 1992 and booked $291 million in sales for the 12 months ended December 31, 2011. Citi and Stifel Nicolaus Weisel were set to be 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: News Headlines, IPOs

Referenced Stocks: LLGX



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