Its IPO game is on fleet: AmeriQuest sets terms for $74 million IPO

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AmeriQuest, which provides a suite of cloud-based B2B services for the transportation industry, announced terms for its IPO on Tuesday.

The Cherry Hill, NJ-based company plans to raise $74 million by offering 6.2 million shares at a price range of $11 to $13. At the midpoint of the proposed range, AmeriQuest would command a fully diluted market value of $268 million.

AmeriQuest, which was founded in 1996 and booked $86 million in sales for the 12 months ended September 30, 2015, plans to list on the Nasdaq under the symbol AMQ. Raymond James and Stephens are the joint bookrunners on the deal. It is expected to price during the week of January 25, 2016.

The article Its IPO game is on fleet: AmeriQuest sets terms for $74 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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

This article appears in: News Headlines , IPOs

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