Horizon Lines Files for IPO
for $288 million following the heels of Diana Shipping and TBS International.
Horizon Lines traces its operating history to 1956, when Sea-Land Services Inc. established the business.
Goldman Sachs (GS) and UBS Investment Bank (UBS) are lead underwriters of the IPO.
Customers include Costco Wholesale, Johnson & Johnson, Lowe's, PepsiCo, Safeway, Toyota and Wal-Mart.
Horizon Lines plans to trade on the NYSE under the symbol HRZ.