In the News – Floor & Decor Holdings Revives Plans to Go Public
Floor & Decor Holdings is preparing for an initial public offering (IPO) that could value the company at more than $1 billion, including debt, after it shelved such plans last year, reports Yahoo Finance.
Floor & Décor—which has more than $100 million in 12-month earnings before interest, tax, depreciation and amortization—has interviewed investment banks to appoint underwriters for the IPO.
These details were offered by sources who requested to remain unnamed, and the news was initially reported by Reuters.
Founded in 2000, Floor & Decor sells tile, wood, laminate and natural stone flooring along with decorative accessories. The company operates 65 warehouse-format stores across the U.S.
Floor & Decor was acquired in 2010 for an undisclosed amount by Ares and Freeman Spogli from an investor group including Najeti Ventures LLC, Saugatuck Capital Co and TWJ Capital LLC.
Read the article at Floor Daily