Burlington Stores has priced its shares at $17 each as it prepares to go public on Wednesday.
So far 13.3 million shares are set to begin trading Wednesday morning on the New York Stock Exchange under the symbol “BURL.”
The shares priced higher than the projected $14 to $16 a share range. The IPO will raise $205 million. In addition, the underwriters have the option to sell another 2 million shares.
Bain Capital, which owns the retailer, will remain the majority stakeholder after the IPO is completed.
Burlington Stores operates Burlington Coat Factory, among other nameplates.
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