GNC to go public

- Last updated on GMT

Related tags: Stock market, Stock

Dietary supplements retailer GNC has filed for an initial public
offering, just months after being taken private.

The company, which claims to be the world's largest retailer of vitamin, mineral and herbal supplements, said on Friday it had filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock.

The company did not include the number of shares to be offered or the price per share but a Reuters report suggests that it could be worth as much as $345 million in common stock.

GNC was bought for $750 million in December by New York-based investment firm Apollo Management. It had struggled in previous months under Dutch group Royal Numico but reported a surge in sales and profits for the fourth quarter, with revenues up 14.3 per cent to $343.7 million.

Part of this quarter was under the new owners. First quarter results will be released this Thursday.

Related topics: Suppliers

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