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.
