ShipBob Picks JPMorgan to Lead IPO As Soon As Late 2024 [Financial Post (Toronto, Ontario, Canada)]
JP Morgan Chase & Co. (JPM)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — E-commerce fulfillment service provider ShipBob Inc. has chosen JPMorgan Chase & Co. to lead its planned initial public offering, people familiar with the situation said. Chicago-based ShipBob has also tapped Citigroup Inc. as part of the syndicate, the people said, asking not to be identified as the information is private. A listing may take place as soon as late this year and could value the company at about $4 billion, they said. Article content Article content Details such as the IPO timing and valuation of the company may still change, the people said. A representative for ShipBob didn't respond to requests for comment. Representatives for JPMorgan and Citigroup declined to comment. A listing would see ShipBob join the growing cohort of companies going public in the US as a two-year IPO slump comes to an end. Companies have raised around
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- JPM's page on the SEC website