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Rail News: Financials
Yesterday, American Railcar Industries Inc. (ARI) announced it completed an initial public offering (IPO) of 9.77 million shares of common stock priced at $21 per share. The IPO included 1.27 million shares of common stock associated with the underwriters’ over-allotment option.
ARI officials expect the IPO to generate net proceeds of $186.5 million after deducting underwriting discounts, and other fees and expenses. The company’s common stock is listed on the Nasdaq National Market under the symbol “ARII.”
UBS Investment Bank and Bear, Stearns & Co. Inc. served as the offering’s joint book-running managers; CIBC World Markets, BB&T Capital Markets and Morgan Keegan & Co. Inc. served as co-managers.
ARI builds covered hoppers and tank cars; repairs and refurbishes freight cars; provides fleet management services; and supplies car and industrial components.
1/25/2006
Rail News: Financials
American Railcar Industries completes IPO
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Yesterday, American Railcar Industries Inc. (ARI) announced it completed an initial public offering (IPO) of 9.77 million shares of common stock priced at $21 per share. The IPO included 1.27 million shares of common stock associated with the underwriters’ over-allotment option.
ARI officials expect the IPO to generate net proceeds of $186.5 million after deducting underwriting discounts, and other fees and expenses. The company’s common stock is listed on the Nasdaq National Market under the symbol “ARII.”
UBS Investment Bank and Bear, Stearns & Co. Inc. served as the offering’s joint book-running managers; CIBC World Markets, BB&T Capital Markets and Morgan Keegan & Co. Inc. served as co-managers.
ARI builds covered hoppers and tank cars; repairs and refurbishes freight cars; provides fleet management services; and supplies car and industrial components.
