Generac Holdings, a leading provider of automatic, stationary standby and portable generators, announced terms for its IPO on Friday. The Waukesha, WI-based company plans to raise $325 million by offering 20.3 million shares at a price range of $15.00 to $17.00. At the mid-point of the proposed range, Generac Holdings will command a market value of $1.1 billion. Generac Holdings, which was founded in 1959 and booked $628 million in sales over the last 12 months, plans to list on the NYSE under the symbol GNRC. J.P. Morgan and Goldman Sachs are the lead underwriters on the deal, which is expected to price during the week of February 8.
