The nation’s largest privately-owned fleet is considering going public in 2017.
Schneider National, headquartered in Green Bay, Wisconsin, announced Friday, Oct. 7, it’s planning an initial public offering (IPO) next year, pending “satisfactory market conditions.”
Schneider said in a press release its objective is to “facilitate continuity of controlling ownership of Schneider by the future generations of the Schneider family, while continuing forward with its long-standing, independent and professional, corporate governance structure.”
The company said it will file a registration statement with the Securities and Exchange Commission soon.
“This transaction will allow the company to continue its commitment to Wisconsin and the community, and to maintain and further investments in its long-term positioning,” the company said in its statement.
