Dollar General Plans IPO of About 34.1 Million Shares


Dollar General plans an initial public offering of approximately 34.1 million shares of common stock priced between $21 and $23 per share, according to a regulatory filing.

The discounter said in a filing with the Securities and Exchange Commission on Friday that it will offer 22.7 million shares, while selling shareholders offer 11.4 million shares. Dollar General will not receive proceeds from stock sold by selling shareholders.

The company said if the underwriters sell more than 34.1 million shares, they will have the option to buy up to an additional 5.1 million shares from the selling stockholders at the initial offer price minus an underwriting discount.

Dollar General said the stock has received approval for a New York Stock Exchange listing under the "DG" ticker.

Dollar General was a publicly traded company from 1968 until 2007. It was bought in July of that year for $6.9 billion by an investment group that included affiliates of private equity firm Kohlberg Kravis Roberts and investment bank Goldman Sachs , among others.