With IPO, it's full speed ahead for Horizon

The ocean container shipping company Horizon Lines Inc has announced an initial public offering of 12,500,000 shares of its common stock, all of which are being issued and sold by Horizon Lines, at a price of $10 per share. Horizon Lines has also granted the underwriters a 30-day option to purchase up to 1,875,000 more shares to cover any overallotments.

This offering is being made through Goldman, Sachs & Co and UBS Investment Bank. Co-managers are Bear, Stearns & Co Inc, Deutsche Bank Securities Inc, and J P Morgan Securities Inc.

TAGS: Carriers
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