NEW YORK — J. Crew will offer 18.8 million shares at a per-share price between $15 and $17 in its upcoming initial public offering, according to a regulatory filing on Tuesday with the Securities and Exchange Commission.
The common stock has been approved for listing on the New York Stock Exchange under the symbol JCG, the filing said.
The underwriters of the offering are Goldman, Sachs & Co. and Bear, Stearns & Co. They have the option of purchasing an additional 2.8 million shares.
J. Crew postponed a planned $200 million IPO last November, and had been expected to go public during the third quarter of this year. The retailer has been majority owned by Texas Pacific Group since 1997.
Net revenues for J. Crew increased 18.5 percent last year to $953.2 million, according to the filing. Revenues for the first quarter of this year were up 14.3 percent to $240.7 million compared with the prior year.
This story first appeared in the June 14, 2006 issue of WWD. Subscribe Today.