IPO Report: Party City Holdco (PRTY)

IPO Report: Party City Holdco (PRTY)
News from Equities.com:

Party City Holdco (PRTY) is the leading party goods retailer by revenue in North America and, it believes, the largest vertically integrated supplier of decorated party goods globally by revenue with multiple levers to drive future growth across channels, products and geographies. The company is based in Elmsford, NY.

Six other companies are scheduled for the week of April 13. The full IPO calendar is available at IPO Premium.

Manager, Joint-managers: Goldman Sachs, B of A Merrill Lynch, Credit Suisse, Morgan Stanley
Co-managers: Barclays, Deutsche Bank Securities, J.P. Morgan, William Blair, Stephens, Telsey Advisory Group

PRTY scheduled a $ 350 million IPO on NYSE with a market capitalization of $ 1.86 billion at a price range midpoint of $ 16 for Thursday, April 16, 2015 on NYSE. 

SEC filings

Party City Holdco Overview

PRTY is the leading party goods retailer by revenue in North America…………… continues on Equities.com

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Related News:

Party City Announces Pricing of Its Initial Public Offering
News from MarketWatch:

ELMSFORD, N.Y., April 15, 2015 /PRNewswire/ – Party City Holdco Inc. (“the Company” or “Party City”) today announced the pricing of its initial public offering of 21,875,000 shares of common stock at $ 17.00 per share. The Company’s shares are expected to begin trading on the New York Stock Exchange on April 16, 2015 under the symbol “PRTY”.

The underwriters of the offering will have a 30-day option to purchase up to an additional 3,281,250 shares of common stock from the Company at the initial public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds of the offering primarily to repay outstanding indebtedness, including all or a portion of the senior PIK toggle notes which mature on August 15, 2019.

Goldman, Sachs & Co., BofA Merrill Lynch, Credit Suisse and Morgan Stanley are acting as lead book-running managers and representatives of the underwriters in the offering. Barclays, Deutsche Bank Securities and J.P. Morgan are also acting as book-running managers for the offering. William Blair, Stephens Inc. and Telsey Advisory Group are acting as co-managers for the offering.

The offering of these securities will be made only by means of a prospectus, a copy of which may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 200 W…………… continues on MarketWatch

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  3. Thomas H. Lee Partners Buys Party City for $2.69 Billion
  4. UPDATE 2-Retailer Party City seeks $2 bln valuation in IPO
  5. Thomas H. Lee Partners Buys Party City for $2.69 Billion