Lifestyle retailer DTLR Holding sets terms for $75 million IPO
DTLR Holding, a street-inspired footwear, apparel and
accessories retailer, announced terms for its IPO on Monday. The
Hanover, MD-based company plans to raise $75 million by offering
5.8 million shares at a price range of $12 to $14. At the
midpoint of the proposed range, DTLR Holding would command a
market value of $214 million.
DTLR Holding, which was founded in 2005 and booked $190 million in sales for the 12 months ended August 3, 2013, plans to list on the NASDAQ under the symbol DTLR. The company initially filed confidentially on September 17, 2013. Baird and Piper Jaffray are the joint bookrunners on the deal.