Schneider IPO nets $550 million; Peloton expects $60 million

Updated Apr 10, 2017
Schneider International raised $550 million in a recent IPO.

Financial publications say a major fleet and a trucking technology company have had successful weeks raising capital.

The Wall Street Journal reports that Schneider International raised $550 million in an initial public offering (IPO) earlier this week.

The company and shareholders of the Green Bay, Wisconsin-based fleet sold 29 million shares at $19 per share. The stock started trading Thursday, April 6, on the New York Stock Exchange under the symbol SNDR.

The Silicon Valley’s Peloton Technology, which is working on driver-assist technology including platooning, expects to raise $60 million in a Series B funding round. Fortune reports investors include Lockheed Martin, UPS Strategic Enterprise Fund, and Volvo Group Capital.