Mattress Firm plans IPO

Houston–based retailer Mattress Firm has filed for an initial public offering and seeks to raise as much as $115 million, according to a preliminary filing made June 10 with the U.S. Securities and Exchange Commission.

Private equity firm J.W. Childs Associates LP, the majority partner in Mattress Firm, would maintain a controlling interest in the company after the IPO. J.W. Childs bought the retailer from Sun Capital Partners in 2006.

Barclays Capital Inc., UBS Securities LLC and William Blair & Co. LLC are underwriting the IPO. Price per share has not been determined. The company intends to use the symbol MFRM.

Mattress Firm reported net sales of $494.1 million and a profit of $885,000 for its most recent fiscal year, ended Jan. 30. It reported total debt of $398.7 million.

The retailer has more than 680 stores in 23 states.

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