Echo Global Logistics IPO Review

One more IPO to hit the US markets very soon. This time, the IPO belongs to the logistics sector.
Echo Global Logistics has filed for the IPO application with the SEC or the Securities and Exchange Commission on April 30th, 2008.

What is the expected size of the Echo Global Logistics IPO?
Echo Global Logistics IPO size, as per the filing is around 100 million dollars. This however, is indicative and only for the purpose of filing the IPO application. It may change at the later stage.

Which stock exchange will the Echo Global Logistics IPO be listed on?
Echo Global Logistics IPO shares will be listed on the NASDAQ stock exchange.

Which ticker symbol has been taken by Echo Global Logistics IPO?
“ECHO” has been selected as the ticker symbol by the Echo Global Logistics IPO.

Who are the underwriters for the Echo Global Logistics IPO issue?
Underwriters for Echo Global Logistics IPO include Lehman Brothers, Citi, William Blair and Company, Barrington Research, Thomas Weisel Partners LLC, and Craig-Hallum Capital Group.

What is the business valuations of Echo Global Logistics?
As per 247wallst, Echo is a leading business process outsourcing for transportation and logistics. Their technology platform, Evolved Transportation Manager, allows them to efficiently meet shipping needs and assist freight management. Their strategy to minimize shipping costs and maximize efficiency lies in identification and utilization of excess capacity.

What are the financial results of Echo Global Logistics IPO?
Since company began in 2005, their customer base and revenues have grown dramatically. In 2005 they generated revenues of $7.3 million and net income was a loss of $0.5 million. Serving over 4,600 clients in 2007, net income hit $1.7 million.
In 2006, according to Armstrong and Associates, only 17% of logistic expenditures in the United States were outsourced. Echo believes that this number will increase and the market will expand over the next several years, generating additional customers and revenues.

Let’s see how this IPO from Echo Global Logistics performs once it opens up in the market.

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