News
Discount Retailer Ollie’s Seeks $134M in IPO
Discount retailer Ollie’s Bargain Outlet Holdings Inc. has filed to list on the Nasdaq under the symbol “OLLI.” The company is looking to raise up to $134M in its IPO and plans to sell about 8.9M shares in the range of $13-15 per share. Ollie’s has 187 stores, mainly in the eastern US, and sells a variety of discounted products. For fiscal year 2014, Ollie’s posted profits of $26.9M on $638M in net sales. Proceeds of the IPO will be used to pay outstanding debt. [WSJ]
