By Dean Seal
JP Outfitters, whose brands include The J. Peterman Company and The Territory Ahead, set terms for an initial public offering that it expects will raise $9.6 million.
The clothing-retailer parent company disclosed in a securities filing on Monday that it intends to offer 2.4 million shares at an estimated price of $4 apiece.
After underwriting discounts and commissions, JP Outfitters expects to be left with proceeds of about $8.8 million.
The company plans to list on the Nasdaq Capital Market under the ticker symbol JPO.
Write to Dean Seal at [email protected]
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