Schneider National (SNDR) IPO Prices at $19

Schneider National, Inc. (NYSE; SNDR) announced today the pricing of its initial public offering of 28,947,000 shares of its Class B common stock, at a price to the public of $19 per share. Schneider is issuing and selling 16,842,000 shares and the selling shareholders named in the registration statement are selling 12,105,000 shares. Schneider’s Class B common stock is expected to begin trading on the New York Stock Exchange under the symbol “SNDR” on April 6, 2017.

In addition, Schneider has granted the underwriters a 30-day option to purchase up to an additional 4,342,000 shares of Class B common stock at the initial offering price, less underwriting discounts and commissions, to cover over-allotments, if any.

Morgan Stanley, UBS Investment Bank and BofA Merrill Lynch are acting as active joint book-running managers of the proposed offering; Citigroup, Credit Suisse, J.P. Morgan and Wells Fargo Securities are acting as passive joint book-running managers; and Baird and Wolfe Capital Markets and Advisory are acting as co-managers.

Schneider is a leading transportation and logistics services company providing a broad portfolio of premier truckload, intermodal and logistics solutions and operating one of the largest for-hire trucking fleets in North America.

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