LINC Logistics Co. said it plans to raise $170 million through the sale of 11.3 million shares of stock in its upcoming initial public offering (IPO).
The company said it expects to shares to go for $14 to $16 per unit. Roughly 9.91 million shares of common stock will be made available, while a selling shareholder is offering an additional 1.42 million shares.
If the company reaches the $15 middle of that range it would be have a market value of roughly $462 million.
LINC Logistics was founded in 1992 and booked $291 million in sales in 2011. The company will be listed on the NASDAQ under the symbol LLGX.
LINC Logistics expects $170 million IPO
