Sun Capital Partners-backed Gordmans has set the terms of its $75 million IPO to 5.36 million shares at a price range of between $13 and $15 per share. The company, which owns and operates discount department stores, plans to list on the NASDAQ under the symbol GMAN and to use the net proceeds in part to pay a fee to Sun Capital for terminating a consulting agreement and to pay outstanding amounts under its revolving credit facility. Piper Jaffray and Wells Fargo Securities are leading the underwriting.
