Ollie's Bargain Outlet Holdings Priced, Nasdaq: OLLI

Closeout retailer with 187 warehouse style stores in the Eastern US.

Industry: Consumer Discretionary

Latest Trade: $44.35 0.00 (0.0%)

First Day Return: +32.2%

Return from IPO: +177.2%

Industry: Consumer Discretionary

We are a highly differentiated and fast-growing, extreme value retailer of brand name merchandise at drastically reduced prices. Known for our assortment of “Good Stuff Cheap,” we offer customers a broad selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, hardware and toys. Our differentiated go-to market strategy is characterized by a unique, fun and engaging treasure hunt shopping experience, compelling customer value proposition and witty, humorous in-store signage and advertising campaigns. These attributes have driven our rapid growth and strong and consistent store performance. Our constantly changing merchandise assortment is procured by a highly experienced merchant team, who leverage deep, long-standing relationships with hundreds of major manufacturers, wholesalers, distributors, brokers and retailers. These relationships enable our merchant team to find and select only the best buys from a broad range of brand name and closeout product offerings and to pass drastically reduced prices along to our customers. As we grow, we believe our increased scale will provide us with even greater access to brand name products because many large manufacturers favor large buyers capable of acquiring an entire deal. Our merchant team augments these deals with directly sourced products including Ollie’s own private label brands and other products exclusive to Ollie’s.
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IPO News for Ollie's Bargain Outlet Holdings
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IPO Data
IPO File Date 06/15/2015
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 8.9
Deal Size ($mm) $143
IPO Data
IPO Date 07/15/2015
Offer Price $16.00
Price Range $13.00 - $15.00
Offer Shares (mm) 8.9
Deal Size ($mm) $143
Underwriters
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Company Data
Headquarters Harrisburg, PA
Founded 1982
Employees 5,000
Website www.ollies.us