Newgistics (NEWG) Files $86.25M IPO

March 9, 2011 5:38 PM EST
Newgistics, Inc. (Nasdaq: NEWG) filed a registration statement with the U.S. Securities and Exchange Commission today for an Initial Public Offering of their Common Stock. The proposed maximum aggregate offering price is $86.25 million. The company has filed to list on the NASDAQ Global Select Market under the ticker "NEWG."

The offering is being made through Stifel Nicolaus Weisel, Piper Jaffray, BB&T Capital Markets, and William Blair & Co.

Newgistics is a provider of technology-enabled parcel and freight transportation solutions to direct-to-consumer retailers, manufacturers, distributors, and logistics service providers.


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