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Cabalas stock going public TODAY!

Discussion in 'The Lounge' started by Dingo, Jun 25, 2004.

  1. Dingo


    Have a few bucks lying around waiting to be spent? Here's an opportunity to really join the Cabala's Club:


    SIDNEY, Neb., Jun 25, 2004 (BUSINESS WIRE) -- Cabela's Incorporated (NYSE:CAB) today announced its initial public offering of 7,812,500 shares of common stock has been priced at $20.00 per share. Cabela's issued 6,250,000 primary shares of common stock, while selling stockholders offered the remaining 1,562,500 shares of common stock. In addition, Cabela's and its selling stockholders have granted the underwriters an option to purchase up to an additional 15%, or 1,171,875 shares, from the selling stockholders at the initial public offering price to cover over-allotments, if any. The Company will not receive any of the proceeds from the sales of shares of common stock by its selling stockholders. Cabela's common stock will be listed on the New York Stock Exchange under the symbol "CAB." Credit Suisse First Boston and JPMorgan are serving as joint bookrunners with Wachovia Securities, Stephens Inc. and William Blair&Company serving as co-managers for the offering.

    Cabela's Incorporated, founded in 1961, is the nation's largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise.