The following IPOs are expected to price this week:
Dollar General, a KKR-backed small-box discount retailer with 8,700 stores in 35 states, plans to raise $750 million by offering 34.1 million shares at a price range of $21.00 to $23.00. At the mid-point of the proposed range, Dollar General will command a market value of $7.7 billion. Dollar General, which was founded in 1939, booked $11.1 million in sales over the last 12 months. The Goodlettsville, TN-based company plans to list on the NYSE under the symbol DG. Citi, Goldman Sachs, and KKR are the lead underwriters on the deal.
rue21, a value-focused teen fashion retailer with over 500 stores in 43 states, plans to raise $115 million by offering 6.8 million shares at a price range of $16.00 to $18.00. At the mid-point of the proposed range, rue21 will command a market value of $423 million. rue21, which was founded in 1976, booked $450 million in sales over the last 12 months. The Warrendale, PA-based company plans to list on the NYSE under the symbol RUE. BofA Merrill Lynch , Goldman Sachs, and J.P. Morgan are the lead underwriters on the deal.
