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Market Rumors: Ollie's, New Look, Ant Financial

By Chelsea Naso (February 10, 2015, 4:07 PM EST) -- Pennsylvania-based discount retailer Ollie's Bargain Outlet is preparing for an initial public offering, Reuters reported Tuesday. The retailer, which is owned by CEO Mark Butler and private equity firm CCMP Capital Advisors LLC, is working with JPMorgan Chase & Co., Bank of America Corp. and Jefferies LLC on the potential offering, which could come later this year, the report said. Ollie's, known for the catch phrase "good stuff cheap," has 176 stores in the U.S. ...

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