Retail Chain At Home Group Files for IPO

Home dé cor retailer At Home Group Inc. filed Friday for an initial public offering for up to $100 million in shares.

Bank of America, Goldman Sachs and Morgan Stanley are listed among the underwriters for the Plano, Texas-based company.

In the filing, the company—formerly known as Garden Ridge—said it would apply to list its stock on the New York Stock Exchange under the symbol "HOME."

Home Group has more than 90 stores across 26 states with sales in its 2015 fiscal year of $498 million, up from $404 million the previous year.

U.S. retail chains have had mixed IPO success in recent years. Michaels Companies Inc., the home goods and crafts chain, is up 62% since its IPO last June. And party-supply chain Party City Holdco Inc. is up 27% since its debut in April. But housewares seller Container Store Group Inc. is trading 1% below its IPO price, after roughly doubling in first-day trading in 2013.

At Home recently refinanced some of its debt. In May, it sold a $300 million seven-year loan to investors, which was used to repay more expensive high-yield bonds, according to S&P.

Write to Ezequiel Minaya at ezequiel.minaya@wsj.com

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(END) Dow Jones Newswires

September 04, 2015 15:05 ET (19:05 GMT)

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