Echo Global Logistics Inc: Key Developments
Echo Global Logistics, Inc. Announces Pricing of Its Initial Public Offering
October 2, 2009 |
| Echo Global Logistics, Inc. announced the pricing of its Initial Public Offering of 5,700,000 shares of its common stock at $14.00 per share (before underwriting discounts and commissions). The shares will begin trading on October 2, 2009, on The NASDAQ Global Market under the ticker symbol ECHO. In addition, certain stockholders have granted the underwriters the option to purchase up to an additional 855,000 shares at the initial public offering price to cover over-allotments, if any. Morgan Stanley & Co. Incorporated and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the offering. |
Echo Global Logistics, Inc. Acquires Raytrans Distribution Services, Inc.
June 10, 2009 |
| Echo Global Logistics, Inc. announced that it has acquired Raytrans Distribution Services, Inc., a transportation brokerage firm based in Matteson, Illinois. Effective immediately, Raytrans Distribution Services will begin doing business as Echo Global Logistics, Inc. Terms of the deal were not disclosed. |
Echo Global Logistics, Inc. Files For $100 Million IPO-Reuters
April 30, 2008 |
| Reuters reported that Echo Global Logistics, Inc. filed with U.S. regulators to raise up to $100 million in an initial public offering (IPO) of common stock. Lehman Brothers, Citi, William Blair & Co, Thomas Weisel Partners, Barrington Research and Craig-Hallum Capital Group were underwriting the IPO. The Company intends to list its common stock on Nasdaq under the symbol ECHO. |
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