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While scanning the news today this was a lead article about Cabela's announcement of an IPO. Based on the figure below this would generate about 159 million dollars for Cabelas and their expansion activities.
WASHINGTON (Reuters) - Cabela's Inc., which sells hunting, fishing, camping and related outdoor merchandise, set on Monday its planned initial public offering at 9.375 million shares at an estimated price between $15 and $17 per share.
The Sidney, Nebraska, company disclosed the IPO terms for the first time in an amended offering document filed with the U.S. Securities and Exchange Commission. Under the proposed terms, the company will sell 6.25 million shares and holders will sell another 3.125 million shares, according to the recent offering document. The underwriters, led by Credit Suisse First Boston and J.P. Morgan, will have the option to buy more than 1.4 million more shares in the event of heavy demand for the shares. The company has applied to list its shares on the New York Stock Exchange under the symbol "CAB."
Visiting their web site Cabela's will open up two new stores in Texas in 2005 andis building a huge distribution center, retail mega-store and wildlife museum near Wheeling, WV. The distribution center, to cover 400,000 square feet in its first construction phase, is expected to open in April 2004. The 175,000-square-foot store, which will include a wildlife museum and television broadcast studio, is scheduled to open in August 2004.
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