A Dollar General IPO update

By Geert De Lombaerde Posted on October 5, 2009 at 7:47 am

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.

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Tags: Dollar General Corp., initial public offerings, Kohlberg Kravis Roberts & Co., retail  

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