Ollie’s Bargain Outlet’s stock soars on public debut

Ollie’s Bargain Outlet Holdings Inc.’s stock
got a warm reception from Wall Street on Thursday, as it debuted at $22.68 in morning trade, or 42% above its $16 initial public offering price. The self hailed “extreme value retailer” raised $142.8 million by selling 8,925,000 shares at $16 each, which was above the previously-expected IPO price range of $13 to $15. The stock has traded as high as $22.99 minutes after its debut, before pulling back to a low of $20.75, before bouncing slightly. About 6 million shares traded within the first 10 minutes.

View more information: https://www.marketwatch.com/story/ollies-bargain-outlets-stock-soars-on-public-debut-2015-07-16

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