At Home Group has announced that it filed a registration statement on Form S-1 with the United States Securities and Exchange Commission relating to a proposed initial public offering of common stock. The number of shares to be offered and the price range for the proposed offering is yet to be determined, the company stated.
At Home will apply to list its common stock on the New York Stock Exchange, the retailer maintained, using the ticker symbol HOME.
BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies and Morgan Stanley are set to act as joint book-running managers in the proposed offering, according to At Home. Evercore ISI, William Blair, Guggenheim Securities and Stifel will act as co-managers in the offering, At Home added.
A registration statement regarding the IPO has been filed with the Securities and Exchange Commission, At Home related, but has not yet become effective.
According to a Reuters report, At Home Stores initial public offering could value the home décor chain at around $1 billion. Media reports also indicated that the company looked to raise $100 million in the IPO.
On its website, At Home noted that its stores average 120,000 square feet in size and offer approximately 50,000 items across product categories such as furniture, garden, home textiles, housewares, patio, rugs, seasonal décor, tabletop décor and wall décor. The retailer recently announced that it is expanding its housewares selection and is now carrying an Oxo household product assortment.
Founded in Garden Ridge, Texas, outside of San Antonio, in 1979, the chain was originally called Garden Ridge before converting to the At Home banner. At Home currently operates more than 90 stores across 24 states.