Body Central Corp., a fashion retailer targeting women in their teens and twenties, announced terms for its IPO on Monday. The Jacksonville, FL-based company plans to raise $75 million by offering 5 million shares at a price range of $14-$16. At the mid-point of the proposed range, Body Central will command a market value of $242 million. Body Central, which was founded in 1972 and booked $217 million in sales for the 12 months ended July 3, plans to list on the NASDAQ under the symbol BODY. Piper Jaffray and Jefferies & Co. are the lead underwriters on the deal, which is expected to price during the week of October 11.
