Burlington Prices IPO At $226M, 7 Years After Bain Buyout

Law360, New York (October 2, 2013, 1:52 PM EDT) -- Burlington Stores Inc., the discount clothing chain taken private by Bain Capital in 2006, priced its initial public offering at up to $226 million on Wednesday, listing shares above the expected range.

Burlington will sell 13.3 million shares at $17 apiece, higher than the $14-to-$16 offering price laid out in a filing this summer. The underwriters, led by JPMorgan Securities LLC, Morgan Stanley & Co. LLC, Bank of America Merrill Lynch, Goldman Sachs & Co., and Wells Fargo Securities LLC, have the option to purchase 2...
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