Party supplies retailer Party City files for a $500 million IPO
Party City Holdco, a vertically integrated party supply retailer with over 880 locations, filed on Tuesday with the SEC to raise up to $500 million in an initial public offering. The Elmsford, NY-based company, which was founded in 1947 and booked $2.0 billion in sales for the 12 months ended September 30, 2013, plans to list under the symbol PRTY but has yet to announce an exchange. Goldman Sachs, BofA Merrill Lynch, Credit Suisse, Morgan Stanley, Barclays, Deutsche Bank and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.