U.S. Xpress Enterprises, Inc. Announces Launch of Initial Public Offering
Chattanooga, TN (June 4, 2018) – U.S. Xpress Enterprises, Inc. (“U.S. Xpress” or the “Company”) today announced the launch of its initial public offering of 18,056,000 shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share. U.S. Xpress is issuing and selling up to 16,668,000 shares and the selling stockholders named in the registration statement are selling up to 1,388,000 shares. U.S. Xpress will not receive any proceeds from the sale of shares by the selling stockholders. The Company’s Class A common stock has been approved for listing on the New York Stock Exchange under the symbol “USX,” subject to official notice of issuance.