Logistics Firm WWEX Group Taps Banks for Potential IPO (1)

WWEX Group, a third-party logistics provider, tapped underwriters ahead of a potential US initial public offering, according to people with knowledge of the matter.

The timing of a stock sale, set to be led by JPMorgan Chase & Co., hasn’t been finalized, said some of the people, and it’s possible that WWEX may remain closely held or pursue options including a sale. WWEX — which includes the brands Worldwide Express, GlobalTranz and Unishippers — may be valued at more than $5 billion including debt in any transaction, some of the people said.

The company — now owned by ...