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SeaCube Container Leasing (BOX) |


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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals LogMeIn Invesco Mortgage Capital Medidata Chemspec |
SeaCube Container Leasing (NYSE:BOX) owns and leases shipping containers. These containers are both dry and refrigerated metal containers which are used for shipping goods by boat, train, and trucks. The company owns and leases a fleet of over 507K containers. While the company only employs 75 people, it manages approximately $1B in assets.[1]
The company's initial public offering of stock on the NYSE occurred on October 27, 2010. The company offered 9.5M shares each for $10. This was far below the initial price range of $16-$18. The IPO raised a total of $95M. The lead underwriters of the deal were J P Morgan Chase (JPM), Citigroup (C), Deutsche Bank AG (DB), Wells Fargo (WFC).[2]
The company's total revenue dropped by 40% from $239M in 2008 to $142M in 2009. This drop in revenue largely caused a fall in net income from $30M in 2008 to -%15M in 2009.[3]
ReferencesCategories: Topic | IPO



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