J.Jill CEO Paula Bennet discussed what it’s like taking a women’s apparel retail company public in the struggling environment. J.Jill launched its initial public offering of 11.67 million shares priced at $13 Thursday morning and although the stock is down, company CEO Paula Bennet is optimistic.
Category: Quincy, MA
What To Expect When J.Jill Goes Public Tomorrow
The specialty women’s clothing retailer’s IPO – which isn’t its first – of 11.67 million shares is expected to be priced between $14 and $16 and could generate about $150 million, valuing the company from $750 million to $800 million. The Quincy, Mass.-based retailer, which caters to the college-educated woman from 40 to 65, touts itself on having a “passionately devoted customer base,” as 70% of its 2015 gross sales came from people who had shopped at J.Jill for at least five years.
What To Expect When J.Jill Goes Public Tomorrow
The specialty women’s clothing retailer’s IPO – which isn’t its first – of 11.67 million shares is expected to be priced between $14 and $16 and could generate about $150 million, valuing the company from $750 million to $800 million. The Quincy, Mass.-based retailer, which caters to the college-educated woman from 40 to 65, touts itself on having a “passionately devoted customer base,” as 70% of its 2015 gross sales came from people who had shopped at J.Jill for at least five years.