September 27, 2006
Horizon Lines lowers its IPO sights
Jones Act containership operator Horizon Lines had been planning to offer 15.6 million shares in a range of $15-$17. Instead, reportsRenaissance Capital's IPOhome.com ,it priced 12.5 million shares at $10 Monday night. Goldman Sachs and UBS Investment Bank were the joint book runners on the deal and expect the stock to begin trading on the NYSE Tuesday under the symbol "HRZ"