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Roadrunner Transportation Systems Announces Closing of Initial Public Offering


//stocks-investing.news-articles.net/content/201 .. nnounces-closing-of-initial-public-offering.html
Published in Stocks and Investing on Tuesday, May 18th 2010 at 10:00 GMT by Market Wire   Print publication without navigation


CUDAHY, WI--(Marketwire - May 18, 2010) - Roadrunner Transportation Systems, Inc. (NYSE: [ RRTS ]), a leading non-asset based transportation and logistics services provider, today announced the closing of its initial public offering of 10,600,644 shares of its common stock at a price of $14.00 per share. Of the shares sold, 9,000,000 were sold by Roadrunner Transportation and 1,600,644 were sold by stockholders of Roadrunner Transportation. Roadrunner Transportation has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,590,096 shares at the same price to cover over-allotments.

Robert W. Baird & Co. Incorporated acted as the bookrunner for the offering and BB&T Capital Markets and Stifel, Nicolaus & Company, Incorporated served as co-lead managers. Copies of the final prospectus relating to the offering may be obtained by visiting the U.S. Securities and Exchange Commission web site at [ www.sec.gov ] or from Robert W. Baird & Co. Incorporated, Attn: Prospectus Department, (telephone number 800-792-2473).

A registration statement relating to these securities has been filed and declared effective by the U.S. Securities and Exchange Commission. The offering is being made solely by means of a prospectus. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

About Roadrunner Transportation Systems, Inc.

Roadrunner Transportation is a leading non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, and domestic and international air. Third-party logistics and transportation management solutions were merged into Roadrunner Transportation's services upon completion of the offering.


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