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Ollie's Bargain Outlet prices IPO at $16, above the range

July 16, 2015
OLLI

Ollie's Bargain Outlet Holdings, a closeout retailer with 187 warehouse style stores in the Eastern US, raised $143 million by offering about 8.9 million shares at $16, above the $13 to $15 range. Ollie's Bargain Outlet Holdings will list on the NASDAQ under the symbol OLLI. J.P. Morgan, Jefferies, BofA Merrill Lynch, Credit Suisse and Piper Jaffray acted as joint bookrunners on the deal.