Neff Rentals Files Initial Public Offering

Industrial equipment rental company Neff Corp filed with U.S. regulators for an initial public offering of its Class A common stock.

Reuters

 

Industrial equipment rental company Neff Corp filed with U.S. regulators for an initial public offering of its Class A common stock.

 

Morgan Stanley, Jefferies, Piper Jaffray and BofA Merrill Lynch are among the main underwriters to the IPO, the Miami-based company told the U.S Securities and Exchange Commission in a preliminary prospectus.

The company intends to list its common stock under the symbol "NEFF", but did not specify the exchange. 

The filing included a nominal fundraising target of about $100 million, but did not reveal how many shares the company planned to sell or their expected price.

Neff filed for an IPO in 2006, only to withdraw it in 2007, after being bought by private equity firm Lightyear Capital for about $900 million, including debt.

For more about Neff Rentals' IPO...

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