CEVA Logistics 'aiming for pre-summer IPO'

There have been many signs, but while not yet official, CEVA’s IPO looks set to go ahead during the next quarter. According to Reuters, the banks have been appointed and owner Apollo is hoping to benefit from current healthy stock market valuations. The debt-laden company is thought to be planning to use some of the proceeds to reduce its liabilities, although indications from the 3PL suggest that it is also interested in acquiring a decent-sized rival to propel it into the top tier of forwarders.