UPDATE 1-Swift Holdings files for IPO to raise $700 mln

* Says Morgan Stanley, Wells Fargo among underwriters

* Says to list class A common stock under symbol SWFT

July 22 (BestGrowthStock) – Swift Holdings Corp filed with U.S.
regulators on Thursday to raise up to $700 million in an
initial public offering of common stock.

In a filing with the U.S. Securities and Exchange
Commission, the transportation services company said that
Morgan Stanley, BofA Merrill Lynch and Wells Fargo Securities
are underwriting the IPO.

The filing did not reveal how many shares the company
planned to sell or their expected price.

The Phoenix, Arizona-based company intends to list its
class A common stock under the symbol “SWFT.”

Stocks
(Reporting by Suzannah Benjamin in Bangalore; Editing by
Unnikrishnan Nair)

UPDATE 1-Swift Holdings files for IPO to raise $700 mln