Truck Hero Inc is planning to raise a fund of $199.8 million in the upcoming IPO said the company officials. Truck Hero is a firm that designs, sells and also manufactures the branded accessories that are required for the new and used trucks. The company’s announcement on IPO has made the existing investors of the company very happy. They have told that they can make money in this IPO from the shares what they are holding with the Truck Hero. The Truck Hero is expected to be seen in the New York Stock Exchange soon.
The company will have an symbol TRUK
The stocks of Truck hero will be sold in the IPO in the symbol TRUK, said the sources. The company has planned to sell 11.1 million shares in this IPO. The company has also announced the share price range. According to the report provided by the company on the IPO, the share price will range from $17 to $19. According to the existing investors, the share price is good as the company has planned to sell the shares based on the value of the company. The existing investors have told that, if the IPO is successful, then they will get good returns out of it.
The truck hero is really a hero in the industry, said the marketers. The marketers have told that the company has made huge profits out of the products they sell. The factory units of Truck hero manufactures almost 70% of the total accessories that are used in the trucks in the country, said the sources. The company has got a very high profile and thus the IPO will likely be successful, said the market analysts. Truck hero has already filed the papers for the IPO with the SEC.
The company will follow the prospectus strictly
While saying about the IPO of the company, the officials have told that the company will be strictly following the preliminary prospectus what it has submitted to the SEC. No changes during the IPO will happen and no compensations will be made, said the officials. Hence the company has advised the marketers to have a look at the preliminary prospectus of the Truck hero before taking any decision on the investment in the Truck hero shares. The company preliminary prospectus will be available with the Securities and Exchange Commission website and also with the existing investors.
The company has also told that the prospectus can be sent to the investors through mail or e-mail, if they are requesting to the firm. It seems that the Truck hero IPO will be having a tough competition in the US Stock Exchange as there are many other concerns getting into IPO at the same time in the NYSE. But the marketers have told that the Truck hero IPO would do better in the IPO as the company is having a great background and the finance industry is also doing well currently. Truck hero can be expected in the US stock exchange soon.
The company will have an symbol TRUK
The stocks of Truck hero will be sold in the IPO in the symbol TRUK, said the sources. The company has planned to sell 11.1 million shares in this IPO. The company has also announced the share price range. According to the report provided by the company on the IPO, the share price will range from $17 to $19. According to the existing investors, the share price is good as the company has planned to sell the shares based on the value of the company. The existing investors have told that, if the IPO is successful, then they will get good returns out of it.
The truck hero is really a hero in the industry, said the marketers. The marketers have told that the company has made huge profits out of the products they sell. The factory units of Truck hero manufactures almost 70% of the total accessories that are used in the trucks in the country, said the sources. The company has got a very high profile and thus the IPO will likely be successful, said the market analysts. Truck hero has already filed the papers for the IPO with the SEC.
The company will follow the prospectus strictly
While saying about the IPO of the company, the officials have told that the company will be strictly following the preliminary prospectus what it has submitted to the SEC. No changes during the IPO will happen and no compensations will be made, said the officials. Hence the company has advised the marketers to have a look at the preliminary prospectus of the Truck hero before taking any decision on the investment in the Truck hero shares. The company preliminary prospectus will be available with the Securities and Exchange Commission website and also with the existing investors.
The company has also told that the prospectus can be sent to the investors through mail or e-mail, if they are requesting to the firm. It seems that the Truck hero IPO will be having a tough competition in the US Stock Exchange as there are many other concerns getting into IPO at the same time in the NYSE. But the marketers have told that the Truck hero IPO would do better in the IPO as the company is having a great background and the finance industry is also doing well currently. Truck hero can be expected in the US stock exchange soon.