FTD Group Inc., which had been a public company but went private when it was acquired just over a year ago, is going public again. Downers Grove, IL-based FTD announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of shares of common stock.
The company says it has not determined the number of shares it will sell or at what price, nor has it chosen underwriters.
In October 2003, FTD was acquired by Green Equity Investors IV LP, an affiliate of Leonard Green & Partners, LP, a private Los Angeles-based merchant banking firm. FTD’s stockholders received $24.85 a share when it went private. The transaction was valued at $420 million.
FTD sells through a network of independent florists as well as direct to consumers at FTD.com and through a call center It also provides floral services and products to florists.
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