High-end clothing retailer Vince sets terms for $180 million IPO

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Vince, a high-end contemporary clothing line, announced terms for its IPO on Tuesday. The New York, NY-based company plans to raise $180 million by offering 10.0 million shares at a price range of $17 to $19. At the midpoint of the proposed range, Vince would command a fully diluted market value of $683 million.

Vince, which was founded in 2001 and booked $264 million in sales for the 12 months ended July 31, 2013, plans to list on the NYSE under the symbol VNCE. Vince initially filed confidentially on July 12, 2013. Goldman Sachs, Baird, BofA Merrill Lynch, Barclays, JP Morgan and Wells Fargo Securities are the joint bookrunners on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

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