Floor and Decor Holdings Announces Launch of Public Offering
Floor and Decor Holdings announced the launch of its initial public offering of approximately 8.8 million shares of its common stock. The initial public offering price is expected to be between $16-18 per share of common stock. The company has applied to list its common stock on the New York Stock Exchange under the symbol “FND.” Floor and Decor expects to receive net proceeds of approximately $133.5 million from the offering and intends to use such proceeds to repay a portion of the amounts outstanding under its term loan facility.
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