U.S. Xpress Enterprises Announces IPO

US Xpress Enterprises, Inc., the nation’s fifth largest asset-based truckload carrier by revenue, providing services primarily throughout the United States, announced that it has begun the process of pursuing an Initial Public Offering of its Class A common stock by submitting a registration statement on Form S-1 to the U.S. Securities and Exchange Commission.

The number of shares of Class A common stock to be offered and the price range for the proposed offering have not yet been determined. U.S. Xpress intends to list its Class A common stock on The New York Stock Exchange under the symbol “USX.”

BofA Merrill Lynch and Morgan Stanley will act as lead book-running managers for the proposed offering. J.P. Morgan and Wells Fargo Securities will act as additional book-running managers, and Stephens Inc., Stifel, and Wolfe Capital Markets and Advisory will act as co-managers for the proposed offering.

 

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