LINC Logistics expects $170 million IPO

Friday, April 27, 2012

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 mill...

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