Schneider National Announces Closing of Initial Public Offering

Transportation and logistics leader Schneider National has announced today that it has closed its initial public offering of 28,947,000 shares of its Class B common stock at an initial public offering price of $19.00 per share.

Schneider sold 16,842,000 shares and the selling shareholders named in the registration statement sold 12,105,000 shares. Total net proceeds to Schneider from the offering, after deducting discounts and commissions but before expenses, were approximately $288.4 million. Schneider’s Class B common stock began trading on the New York Stock Exchange under the symbol “SNDR” on April 6, 2017.

Schneider provides a broad portfolio of premier truckload, intermodal and logistics solutions and operating one of the largest for-hire trucking fleets in North America.

Category: General Update