Initial public offerings | nashvillepost.com

Dollar General moves closer to IPO

Retailer sets price range for offering of more than 39 million shares

Nov 2, 2009 8:23 AM

An idea of how Wall Street will welcome Dollar General

By now, the premise has been clearly established: Value-oriented retailers — especially those with "Dollar" in their name — are doing very well during the recession. Friday's upgrade of Family Dollar by BMO Capital Markets sums things up nicely. Get used to seeing phrases like "strong cash flow yield" as Goodlettsville-based Dollar General preps its IPO.

Oct 12, 2009 7:47 AM

A Dollar General IPO update

The Goodlettsville-based discount retailer recently filed an amended S-1 that updates some of the info associated with its pending public offering. Among the new details: • The company has applied to have its shares trade under the same 'DG' ticker symbol it had before going private in 2007. • The company last month paid its shareholders — primarily private-equity firm Kohlberg Kravis Roberts — a special dividend of $239 million. That's about 20 percent higher than its earlier estimate. • Prior to the IPO, the company will organize a reverse stock split that will reduce the number of shares outstanding and increase their initial offering price. That price has not yet been determined, but a January analysis connected to the issuance of options put the shares' fair market value at $5.50.

Oct 5, 2009 7:47 AM

Good thing Emdeon and Cumberland went public last month

StreetInsider.com says the trickle of IPOs and secondary offerings has become a near-tidal wave that could quickly peter out as investors simply lose interest and look to digest what they've gorged on in recent weeks. Besides, all these firms raising millions will have to put that money to work sometime.

'Maybe a little antacid, in the form of more M&A, could help us fight through the pain.'

Sep 25, 2009 12:59 AM

One of the main reasons Dollar General is going public again

There is plenty of talk that Dollar General owner Kohlberg Kravis Roberts is taking the discounter public in part because it needs to test the waters for its own IPO. But based on Dollar Tree's strong numbers reported Wednesday, it's clear that the private-equity titan likely couldn't pick a better time to float a value-oriented retailer.

Aug 27, 2009 7:29 AM

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Two-way traffic on Cumberland's growth path

The recent IPO of Nashville-based Cumberland Pharmaceuticals generated $85 million the company plans to use for acquisitions. But a piece from Dow Jones Newswires' Rob Armstrong says large-cap pharma players also are looking to buy into the smaller companies Cumberland (Ticker: CPIX) will target.

The point that acquisitive firms must keep in mind is that risks must be taken to achieve future growth. Buying a shot on goal, or two, for a couple of billion dollars may offer better return on risk than either pouring money into internal research or taking on a big debt load to pay for a megamerger.

SEE ALSO: Local pharma firm’s IPO ‘couldn’t come at a worse time’

Aug 24, 2009 2:22 PM

Health care tech co. joining IPO wave

Georgia-based HealtPort, which has a small local presence in former Symbion executive Billy Webb, has filed an S-1 with the Securities & Exchange Commission. Webb was previously the chief development officer and a director with ambulatory surgery center operator Symbion. He left the company in 2007 to join HealthPort.

Aug 21, 2009 1:58 PM