Party City Holdings Inc. may complete a $350 million initial public offering this year, Reuters reported Tuesday, citing Bloomberg. The company, which sells balloons and party supplies, filed for the IPO in April. Advent owns 37% of Party City, while Berkshire Partners has 36.14%. Weston Presidio has 17.45%, according to SEC filings.
(Reuters) – Party City Holdings Inc, a balloons and costumes retailer, may complete a $350 million initial public offering this year, Bloomberg reported on Tuesday, citing two people familiar with the plans.
Party City, based in Elmsford, New York, had filed for the IPO in April. It will decide whether to proceed based on its Halloween sales, said two sources, who asked not to be identified because the IPO plans are private.