Sunday, March 26, 2017

Schneider IPO Price Set Between $18 and $20. Big Pay Day for Family

Three things to know about the Schneider (SNDR) IPO (JSonline):

  1. The family remains firmly in control - in fact the company will still be considered a "closely held" company. 
  2. Family will net about $230M
  3. $359M to the company of which roughly half is used to pay down debt and 1/2 to buy chassis.

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