Cabela's Inc. on Monday set the range for its pending IPO at an estimated price between $15 and $17 per share. The company plans to offer 9.375 million shares, netting the company between $93.75 million and $106.25 million. Selling shareholders will walk away at least $46.9 million richer on paper after the deal.
Under the proposed terms, the company will sell 6.25 million shares and holders will sell another 3.125 million shares, according to documents filed Monday. The underwriters of the deal have an option to purchase another $1.4 million shares to cover any over-allotment.
The company has applied to list its shares on the New York Stock Exchange under the symbol “CAB”.