SIRVA Launches Initial Public Offering
CHICAGO, July 21, 2014 /PRNewswire/ -- SIRVA, Inc. ("SIRVA") announced today that it launched its registered underwritten initial public offering of 11,562,500 shares of its common stock at a price to the public between $15.00 and $17.00 per share pursuant to a registration statement on Form S-1 previously filed with the United States Securities and Exchange Commission (the "SEC"). The underwriters of this offering have been granted an option, exercisable within 30 days, to purchase up to an additional 1,734,375 shares of common stock from the Company on the same terms and conditions to cover over-allotments, if any. SIRVA has applied for listing of its common stock on the NASDAQ Global Select Market under the ticker symbol "SRVA."
Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and J.P. Morgan Securities LLC are acting as joint book-running managers and Robert W. Baird & Co. Incorporated and William Blair & Company, L.L.C. are acting as co-managers.
The offering is being made only by means of a prospectus. A copy of the preliminary prospectus may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at firstname.lastname@example.org ; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, by email at email@example.com or by calling (866) 471-2526; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717 or by calling (866) 803-9204.
The registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.
About SIRVA, Inc.
SIRVA enables corporations to outsource their mobility needs, relocating and moving their executives and staff globally. SIRVA operates in approximately 170 countries worldwide. The SIRVA family of companies includes Allied, northAmerican, SMARTBOX and Allied Pickfords.
Sard Verbinnen & Co.
Bryan Locke | Carissa Felger
SOURCE SIRVA, Inc.