QDI files IPO to go public

Quality Distribution Inc, parent of Quality Carriers Inc, filed a request on August 29 with the Securities and Exchange Commission for an initial placement offering (IPO) of approximately $132.2 million. The Tampa FL-based tank truck carrier reportedly plans to apply for a listing on Nasdac.

Credit Suisse First Boston is the lead underwriter in the deal. Also involved are Bear Stearns & Co and Deutsche Bank Securities. Share price and number of shares to be sold have not yet been announced.