Roadrunner Transportation Systems, a leading non-asset based transportation and logistics services provider, announced terms for its IPO on Friday. The Cudahy, WI-based company plans to raise $159 million by offering 10.6 million shares at a price range of $14-$16. At the mid-point of the proposed range, Roadrunner will command a market value of $462 million. The company, which was founded in 2005 and booked $450 million in sales last year, plans to list on the NYSE under the symbol RRTS. Robert W. Baird & Co., BB&T Capital Markets and Stifel Nicolaus are the lead underwriters on the deal, for which timing was not disclosed.
