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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.

Contact Progressive Railroading editorial staff.

More News from 1/12/2005