GREEN BAY, WI – Schneider National is one step closer to being a publicly traded company, launching its Initial Public Offering (IPO) of 28,947,000 shares of the company’s Class B common stock.
It’s expected that the IPO price will fall somewhere between $18 and $20 per share. The company will issue and sell 16,842,000 shares, with selling shareholders named in the registration selling up to 12,105,000 shares.
The company’s Class B common stock has been approved to be listed under the New York Stock Exchange under the symbol “SNDR”.
Schneider anticipates to grant the underwriters an option to purchase up to an additional 4,342,000 shares of the company’s Class B common stock at the initial offering price, less underwriting discounts and commissions, to cover over allotments, if any.
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