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<< Rail News Home: Mechanical

1/12/2005    Freight News

Rail News: Mechanical

FreightCar America to sell stock publicly through IPO

FreightCar America Inc. recently filed a registration statement with the Securities and Exchange Commission to conduct an initial public offering (IPO).

The IPO underwriters are UBS Investment Bank — which also serves as sole book-running manager — Jefferies & Co. Inc. and CIBC World Markets Corp.

Existing stockholders will be allowed to sell a portion of their holdings through the offering if the underwriters exercise an over-allotment option to purchase additional shares.

FreightCar America (formerly Johnstown America Corp.) builds aluminum coal, flat and intermodal cars, mill gondolas, AVC aluminum vehicle carriers and VersaCoil™ steel coil cars.

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