Coming in for a pit stop Truck Hero officially withdraws $200 million IPO

Truck Hero, an acquisitive manufacturer and online retailer of branded pickup truck accessories, withdrew its plans for an initial public offering on Wednesday. It had originally filed in October 2015 to raise $200 million by offering 11.1 million shares at a price range of $17 to $19.

The Ann Arbor, MI-based company was founded in 2007 and booked $391 million in sales for the 12 months ended September 30, 2015. It had planned to list on the NYSE under the symbol TRUK. J.P. Morgan, Baird and BofA Merrill Lynch were set to be the joint bookrunners on the deal.

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