CEVA IPO watch: The world’s second largest non-asset based supply chain management company CEVA Logistics filed its IPO (initial public offering) registration statement with the U.S. Security And Exchange Commission recently. The regulatory filing shows that the company intends to list its common shares on the New York Stock Exchange under the symbol “CEVL.” The company proposed maximum aggregate offering price of $400 million. The net proceeds received from the CEVA IPO will be used to repay or otherwise extinguish our indebtedness, including payment of accrued interest thereon and any applicable call premiums.
CEVA Logistics is the world’s second largest non-asset based supply chain management company focusing on designing, implementing and operating end-to-end supply chain solutions. The company has over 15,000 customers worldwide.
For the fiscal years ended December 31, 2007, 2008, 2009, 2010 and 2011, the company recognized revenues of $6.56 billion, $9.31 billion, $7.67 billion, $9.06 and $9.60 billion, respectively. During this period, the company incurred net losses of $310 million, $254 million, $201 million, $383 million and $358 million, respectively.
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