{"id":4365,"date":"2018-06-08T11:07:37","date_gmt":"2018-06-08T15:07:37","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4365"},"modified":"2018-06-08T11:07:37","modified_gmt":"2018-06-08T15:07:37","slug":"u-s-xpress-enterprises-inc-ipo-preview-usx","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/u-s-xpress-enterprises-inc-ipo-preview-usx\/","title":{"rendered":"U.S. Xpress Enterprises, Inc. #IPO Preview (USX)"},"content":{"rendered":"

\"USX\"<\/a><\/p>\n

Company: U.S. Xpress Enterprises, Inc.
\nSymbol: USX
\nDescription: They are the fifth largest asset-based truckload carrier in the United States by revenue, generating over $1.5 billion in total operating revenue in 2017.
\nTrade Date: 6\/14
\nShares: 18.05 million
\nPrice Range: $18.00-$20.00
\nUnderwriter(s): BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, Wells Fargo Securities
\nCo-Manager(s): Stephens Inc., Stifel, Wolfe Capital Markets
\nTerms Added: 6-4-18<\/p>\n

Link to Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>:\u00a0They are the fifth largest asset-based truckload carrier in the United States by revenue, generating over $1.5\u00a0billion in total operating revenue in 2017. They provide services primarily throughout the United States, with a focus in the densely populated and economically diverse eastern half of the United States. They offer customers a broad portfolio of services using their own truckload fleet and third-party carriers through their non-asset-based truck brokerage network. As of March\u00a031, 2018, their fleet consisted of approximately 6,800 tractors and approximately 16,000 trailers, including approximately 1,300 tractors provided by independent contractors.<\/p>\n

FINANCIALS:<\/strong>\u00a0\u00a0Their total operating revenue was $1.60 billion, $1.73 billion, $1.54 billion, $1.45 billion and $1.56 billion and their net income (loss) was ($28.6 million), ($13.7 million), $4.7 million, ($16.0 million), and ($3.9 million) in 2013, 2014, 2015, 2016,\u00a0 and 2017, respectively. In the first quarter of 2018, their total operating revenue increased 17.1% to $425.7 million, while their net increased from a $4.4 million loss to a $1.4 million gain.<\/p>\n

\"Screen<\/a><\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/span><\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/span><\/a>\u00a0with our performance for last 12 years at our website. Additionally, here’s a 2017 recap of our performance<\/a>\u00a0to showcase the value of IPO Boutique’s service.<\/p>\n

Indicate with confidence,\u00a0<\/b>SUBSCRIBE<\/b><\/a>\u00a0today.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Company: U.S. Xpress Enterprises, Inc. Symbol: USX Description: They are the fifth largest asset-based truckload carrier in the United States by revenue, generating over $1.5 billion in total operating revenue in 2017. Trade Date: 6\/14 Shares: 18.05 million Price Range: $18.00-$20.00 Underwriter(s): BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, Wells Fargo Securities Co-Manager(s): Stephens Inc.,[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1514],"class_list":["post-4365","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-usx"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=4365"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4365\/revisions"}],"predecessor-version":[{"id":4368,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4365\/revisions\/4368"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}