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Western Wear Shop Boot Barn Files IPO
Boot Barn Holdings, a western apparel and footwear retailer headquartered in Irvine, Calif., wants to go public.
It announced that it had filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission with news of its proposed initial public offering.
It has applied to list its stock under the ticker symbol “BOOT” on the New York Stock Exchange.
A press release announcing the IPO noted that the number of shares and the price range of the offering had yet to be determined. However, an article on a website maintained by Renaissance Capital (www.renaissancecapital.com), which describes itself as an SEC-registered investment adviser, noted that Boot Barn plans to raise up to $86 million.
Boot Barn started selling western clothes and boots in 1978. In December 2011, it was acquired by Freeman Spogli & Co., a private-equity firm that runs an office in Los Angeles. Freeman Spogli also invested in El Pollo Loco Holdings Inc. The Costa Mesa, Calif.–based fast-food company announced an IPO in July.
Since being acquired by Freeman Spogli, Boot Barn’s store count has increased from 85 stores to 150 locations. It offers jeans brands such as Wrangler, Levi’s, Miss Me and Cowgirl Tuff.
