Ollie's Bargain Outlet Holdings, which operates 187 closeout retail locations across the US, announced terms for its IPO on Monday.
The Harrisburg, PA-based company plans to raise $125 million by offering 8.9 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Ollie's would command a fully diluted market value of $845 million.
Ollie's Bargain Outlet Holdings, which was founded in 1982 and booked $666 million in sales for the 12 months ended April 30, 2015, plans to list on the NASDAQ under the symbol OLLI. J.P. Morgan, Jefferies, BofA Merrill Lynch, Credit Suisse and Piper Jaffray are the joint bookrunners on the deal. It is expected to price during the week of July 13, 2015.
