Gordman’s Sets IPO Terms

Gordman’s Stores Inc., an Omaha, Neb.-based off-price department store chain, has set its IPO terms to 5.36 million common shares being offered at between $13 and $15 per share. It would have an initial market cap of approximately $280 million, were it to price at the high end of its range.

The company plans to trade on the Nasdaq under ticker symbol GMAN, with Piper Jaffray and Wells Fargo Securities serving as co-lead underwriters.

Sun Capital Partners acquired Gordman’s in September 2008. www.gordmans.com