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Echo Global prices IPO at $14.00 midpoint

October 1, 2009

Echo Global Logistics, which provides web-based shipping and freight management services, raised $80 million on Thursday by offering 5.7 million shares at $14.00, the midpoint of the proposed $13.00 to $15.00 range. Shares are expected to begin trading Friday on the NASDAQ under the symbol ECHO. Morgan Stanley, Credit Suisse, and William Blair acted as lead managers on the deal.