Francesca’s Holdings is seeking to raise around $150 million in an initial public offering (IPO), The Wall Street Journal reports. The women’s apparel and accessories retailer Francesca’s will use the proceeds from the offering to repay its senior secured credit facility, to open new stores and boost its e-commerce business.
The company aims to list its stock on the Nasdaq Global Market. Francesca’s was bought by New York-based private equity firm CCMP Capital Advisors last year for $200 million. CCMP will retain a controlling stake after the IPO.
Click here for the story from The Wall Street Journal.