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Body Central Corp (BODY) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
Body Central Corp (NASDAQ:BODY) is a specialities apparel store which targets women in their twenties who are from diverse cultural backgrounds. They currently operate 204 stores which are located in 23 states - mostly in the South, Midwest, and Mid-Atlantic. Body Central opened 6 stores in 2008, 15 in 2009, and is planning to open 25 stores in 2010.[1]
Body Central expects to continue to expand in its existing markets and adjacent markets. The company hopes increase the number of stores by an approximate annual rate of 15% over the next few years.[2]
The company's initial public offering of stock on the NASDAQ and occurred on October 14, 2010. The company offered 5M shares each for $13. This was below the initial price range of $14-$16. The goal of the IPO was to raise $150M in total. The lead underwriter of the deal was Piper Jaffray Companies (PJC).[3]
The company's revenue figures have remained relatively steady over the past 3 years. In 2010, the company reported $199M, while in 2008, it reported $192M, and in 2007, it reported $196M. On the other hand, net income has risen over the course of the last 3 years. It reported a 2010 net income of $2.78M, while it 2008 it reported -$.95M and in 2007, -$39.33M[4]
References
- ↑ BODY S-1/A 2010 PROSPECTUS SUMMARY pg 1-2
- ↑ BODY S-1/A 2010 PROSPECTUS SUMMARY pg 3-4
- ↑ Renaissance Capital - IPO Home "Fast fashion retailer Body Central prices IPO at $13, below the range" 14 Oct 2010
- ↑ BODY S-1/A 2010 SUMMARY CONSOLIDATED FINANCIAL AND OPERATING DATA pg 8
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