Logistics Firm WWEX Group Taps Banks for Potential IPO
- Private equity-backed, Dallas-based company also weighs sale
- JPMorgan set to lead group of underwriters in any US listing
The New York Stock Exchange.
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WWEX Group, a third-party logistics provider, tapped underwriters ahead of a potential US initial public offering, according to people with knowledge of the matter.
The timing of a stock sale, set to be led by JPMorgan Chase & Co., hasn’t been finalized, said some of the people, and it’s possible that WWEX may remain closely held or pursue options including a sale. WWEX — which includes the brands Worldwide Express, GlobalTranz and Unishippers — may be valued at more than $5 billion including debt in any transaction, some of the people said.