VS Holdings Inc., the North Bergen, N.J.-based parent company of retailer The Vitamin Shoppe, has set its IPO terms to around 9.1 million shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $443 million, were it to price at the high end of its range.
The company plans to trade on the NYSE under ticker symbol VSI, with JPMorgan, BoA and Barclays serving as co-lead underwriters. Vitamin Shoppe has been owned since 2002 by Irving Place Capital Management (f.k.a. Bear Stearns Merchant Banking). It had filed for an IPO in 2007, but withdrew the offer due to market conditions. www.vitaminshoppe.com