×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: US | Roadrunner | Transportation | IPO | Mover

Roadrunner Transportation Shares Slip in IPO Debut

Thursday, 13 May 2010 10:25 AM EDT

Shares of Roadrunner Transportation Systems are slipping in their trading debut after the trucking company's initial public offering raised $148.4 million.

Roadrunner priced its IPO of 10.6 million shares at $14 apiece, the bottom of its expected range.

The Cudahy, Wis., company is one of three that are expected to begin trading Thursday in a troubled market for IPOs. Retailer Express priced its shares Wednesday night below expectations, while navigation services provider TeleNav cut the price range for its shares. Metals company Noranda Aluminum, which is expected to price Thursday, also cut its deal size.

Shares of Roadrunner Transportation Systems Inc., which are trading on the New York Stock Exchange under the symbol "RRTS," are slipping 9 cents to $13.91 in morning trading.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


InvestingAnalysis
Shares of Roadrunner Transportation Systems are slipping in their trading debut after the trucking company's initial public offering raised $148.4 million.Roadrunner priced its IPO of 10.6 million shares at $14 apiece, the bottom of its expected range.The Cudahy, Wis.,...
US,Roadrunner,Transportation,IPO,Mover
123
2010-25-13
Thursday, 13 May 2010 10:25 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved