SmartBargains joins other retailers going public
Online discount retailer SmartBargains Inc. is joining the growing ranks of online retailers going public. SmartBargains reported yesterday that it has filed with the U.S. Securities and Exchange Commission for an initial public offering.
The company has not determined when the offering will take place, nor the size or price of the offering.
SmartBargains, No. 190 in the Internet Retailer Top 300 Guide to online retailers, is just the latest of a batch of online retailers to announce IPOs this year or to at least say they are considering IPOs. Among them are used-book seller Alibris Inc., outdoor gear retailer Cabela’s Inc., jewelry merchant Blue Nile Inc. Ritz Interactive Inc. has said it plans to go public within the year.
SmartBargains sells excess merchandise in 13 departments at SmartBargains.com at an average of 50% off retail prices.
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