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Ulta Salon Sets IPO Terms

Ulta Salon, Cosmetics & Fragrance, a Romeoville, Ill.-based beauty retailer and salon operator, has set its IPO terms to around 8.55 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $907 million, were it to price at the high end of its range. The company plans to trade on the Nasdaq under ticker symbol ULTA, with JPMorgan and Wachovia Securities serving as co-lead underwriters. Shareholders include GRP Partners (26.3% pre-IPO stake), Doublemousse BV (22.5%) and Oak Investment Partners (12.9%). www.ulta.com