Fox Factory Holding, which manufactures high-performance suspension products, announced terms for its IPO, according to a filing with the Securities & Exchange Commission.
Fox Factory plans to raise $120 million by offering 8.6 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Fox Factory would command a market value of $531 million.
Fox Factory Holding, which was founded in 1975 and generated $245 million in sales for the 12 months ended March 31, 2013, will trade its shares on the over-the-counter market under the symbol FOXF.
Fox Factory Holding initially filed confidentially on May 13, 2013. Baird, William Blair and Piper Jaffray are underwriting the the deal.
