Schneider National, a leading US trucking company with over 11,000 vehicles, filed an initial public offering with the SEC Thursday for a deal we estimate could raise up to $1.0 billion.
The Green Bay, WI-based company was founded in 1935 and booked $4.0 billion in sales for the 12 months ended September 30, 2016. It plans to list on the NYSE under the symbol SNDR. Morgan Stanley, UBS Investment Bank, BofA Merrill Lynch, Citi, Credit Suisse, J.P. Morgan and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
