National Vision Holdings, a discount optical retailer and eye care provider LBO'd by KKR, announced terms for its IPO on Monday.
The Duluth, GA-based company plans to raise $300 million by offering 15.8 million shares at a price range of $18 to $20. At the midpoint of the proposed range, National Vision Holdings would command a fully diluted market value of $1.5 billion.
National Vision Holdings was founded in 1990 and booked $1.3 billion in sales for the 12 months ended July 1, 2017. It plans to list on the Nasdaq under the symbol EYE. BofA Merrill Lynch, Goldman Sachs, Citi, KKR, Morgan Stanley, Jefferies, UBS Investment Bank and Wells Fargo Securities are the joint bookrunners on the deal. It is expected to price during the week of October 23, 2017.
