WASHINGTON (dpa-AFX) - At Home Group Inc., the home décor retail store with 115 stores in 29 states is planning to go public. The pricing of initial public offering is expected in a range of $14 to $16 per share. The company in a filing with the SEC said it has got the approval to list the shares on the NYSE under symbol 'HOME.'
The company plans to issue 8,667,000 shares. The underwriters can purchase a maximum of 1,300,050 shares for a period of 30 days.
At Home expects the net proceeds from this offering to be about $115.8 million, and intends to use the money to repay debts under the Second Lien Facility.
The company said it has a market potential of more than 600 stores. It has recorded sales of $653 million for fiscal 2016 ended April 30, with a compound annual growth rate of 20 percent.
In September last year, the Plano, Texas based At Home had planned IPO aiming to collect $100 million. Though the company had filed with the SEC, the event got postponed. At the time of filing last year, the company had only 90 stores in 26 states.
Copyright RTT News/dpa-AFX