Some details have emerged about Schneider National’s proposed initial public offering (IPO), which will allow the Schneider family to hold a majority of votes in the elections of directors.
In total, Schneider (No. 8 on the CCJ Top 250) is selling just under 29 million shares – 16.8 million from the company and 12.1 million from Schneider family trusts, according to a filing with the U.S. Securities and Exchange Commission Friday.
The company anticipates the IPO price of its shares to be between $18 and $20 per share. At $19 per share,…