Express Raises $193.75M in 2PO
December 13, 2010
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Express (NYSE: EXPR) raised $193.75 million in its secondary public offering with BofA Merrill Lynch and Morgan Stanley leading the underwriting. The apparel retailer priced the offering at $15.50 per share and increased the size by one million shares to include 12.5 million shares of common stock. All of the shares were offered by certain stockholders, which included Golden Gate Capital. The PE firm acquired a 75% stake in Express for $602 million in a 2007 LBO.
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