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Party City IPO: A Bag Of Goodies For Investors

Party City Hold co expects to raise $427.6 million in its upcoming IPO. Based in Elmsford, New York, Party City (Pending:PRTY) is a retailer of party goods and supplies with over 800 party superstores in North America.

PRTY will offer 21.875 million shares at an expected price range of $15 to $17. If the underwriters price the IPO at the mid-point of that range, PRTY will have a market capitalization of ~$1.85 billion.

PRTY filed for the IPO on January 21, 2014.

Lead Underwriters: BofA Merrill Lynch and Goldman Sachs

Underwriters: Barclays Capital, Credit Suisse Securities, Deutsche Bank Securities, J.P. Morgan Securities, Morgan Stanley, Stephens Inc., Telsey Advisory Group, and William Blair & Co. Read more