CCMP-backed Ollie's Brings Bargain Prices to NASDAQ
July 20, 2015
CCMP Capital-backed Ollie's Bargain Outlet priced its IPO at $16 last week, raising $142.8 million. Listed on the NASDAQ under the symbol OLLI, the company closed Friday's trading session at $20.04 to generate a market cap of over $1.1 billion. Ollie's is a value retailer of brand name products, including houseware, food, books and toys; it generated $27 million in net income off of $638 million in sales for its fiscal year 2014. CCMP acquired the company in September 2012 and retained a roughly 61% stake post-offering.