Horizon Lines announces IPO
Horizon Lines announces IPO
Horizon Lines announces IPO
Horizon Lines announces IPO
Horizon Lines, a transportation, technology and logistics services company based in Charlotte, N.C., Tuesday announced an initial public offering of 12.5 million shares of its common stock.
The shares are being issued and sold by Horizon Lines at $10 per share.
Underwriters have been granted a 30-day option to purchase up to 1.88 million additional shares from Horizon Lines to cover any overallotments.
The offering is being made through an underwriting syndicate led by Goldman, Sachs & Co. and UBS Investment Bank, which are acting as joint book-running managers of the offering. The co-managers are Bear, Stearns & Co. Inc.; Deutsche Bank Securities Inc., and J.P. Morgan Securities Inc.