REV Group announces price of initial public offering
The company's shares of common stock have been approved for listing on the New York Stock Exchange and are expected to begin trading under the ticker symbol “REVG” on Friday.
REV Group Inc. announced the pricing of its initial public offering of 12.5 million shares of its common stock at the initial public offering price of $22 per share.
Additionally, certain selling stockholders have granted the underwriters for the offering an option to purchase up to 1,875,000 additional shares of REV Group Inc.’s common stock at the initial public offering price, less the underwriting discount. The offering is expected to close on or about February 1, subject to customary closing conditions.
The @NYSE welcoming us today to celebrate our #IPO. To honor the occasion Tim Sullivan rings the #NYSE#OpeningBell.https://t.co/s28iAP3fEV
— REV Group, Inc. (@revgroupinc) January 27, 2017
REV Group’s shares of common stock have been approved for listing on the New York Stock Exchange and are expected to begin trading under the ticker symbol “REVG” on Friday.
Goldman Sachs, Morgan Stanley and Baird acted as lead managers on the deal.
More Bus
Brian Dickson on Building Stronger, More Resilient Transportation Organizations
Bus Business Consultants Founder Brian Dickson discusses the leadership principles, operational discipline, and strategic planning that separate transportation companies positioned for long-term success from those stuck in survival mode.
Read More →
LA Metro Breaks Ground on Vermont BRT Project
The 12.4-mile corridor is projected to serve 66,200 daily riders, reduce travel times by up to 24%, and create the nation's busiest bus rapid transit corridor.
Read More →
Roman Cornell on ABC Companies’ Evolution and the Future of Passenger Transportation
The company’s CEO discusses carrying forward a third-generation family legacy, ABC’s continued evolution in passenger transportation, support for increasingly complex fleets, and how technology and continued investment could help operators improve uptime.
Read More →
VIA Bus Ridership Grows 10.1% Through August 2026
San Antonio's VIA Metropolitan Transit reported the highest bus ridership growth among major Texas transit systems. Federal Transit Administration data ranked it second among the nation's 50 largest transit systems.
Read More →
LA Metro September Ridership Climbs 3.9%, Led by Rail Growth
The agency recorded more than 27.2 million boardings, with rail ridership increasing 12.4% year over year and the D Line posting the largest gains.
Read More →
Frontrunner Bus Group Introduces XF Low-Floor Bus with Enhanced Accessibility
The new mid-sized bus features a full flat-floor design, eight-inch curbside step-in height, and zero-entry rear ramp to improve passenger access and operational flexibility.
Read More →
Scenes from APTA TRANSform & EXPO 2026
Transit leaders, manufacturers, and industry professionals gathered in Chicago to explore new technologies, share ideas, and discuss the future of public transportation.
Read More →
More Than a Summer Job: Building the Next Generation of Transit Talent
The Delaware River Port Authority and PATCO have transformed their internship program into a hands-on professional development experience that introduces students to the breadth of transportation careers — and creates a pipeline for future employees.
Read More →
LA Metro Board Awards 220 Battery-Electric Bus Contract to ENC
The contract, which is the largest base award of battery-electric buses by a U.S. transit agency, will be built in Southern California, sustaining good jobs as LA prepares to welcome the world in 2028
Read More →
Public Transit Conference Returning to GFX in 2027, Call for Papers Now Open
The Call for Papers is now open, allowing transit agency professionals and industry experts to help shape the PTC educational program by submitting session ideas for consideration.
Read More →