International Market Centers, a Bain/Oaktree-backed REIT with trade show centers for the home decor and gift industries, announced terms for its IPO on Monday.
The Las Vegas, NV-based company plans to raise $150 million by offering 11.5 million shares at a price range of $12 to $14. At the midpoint of the proposed range, it would command a market value of $645 million.
International Market Centers, which was founded in 2011 and booked $166 million in sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol IMC. Barclays, Credit Suisse, Wells Fargo Securities, Deutsche Bank and J.P. Morgan are the joint bookrunners on the deal. It is expected to price during the week of May 4, 2015.
