Dollar General (DG) and rue21 (RUE) IPOs Are On Deck

Two IPO are expected to price tonight: Dollar General (NYSE: DG) and rue21 (Nasdaq: RUE).

Dollar General (NYSE: DG), the largest discount retailer in the U.S., expects to price 34,100,000 shares between $21-$23. The deal is being led by Goldman Sachs, Citi, KKR, BofA/ML, and JP Morgan. Dollar General has 8,577 stores located in 35 states, primarily in the southern, southwestern, midwestern and eastern United States. Sales for 2008 were $10.5 billion. Dollar General is being brought to the market by private equity firm KKR, which acquired the company is July 2007.

Specialty apparel retailer rue21, inc. (NYSE: RUE) expects to price 6,765,437 shares between $16-$18. The deal is being led by BofA/ML, Goldman Sachs, JP Morgan and Piper Jaffray. rue21 operate over 500 stores in 43 states. Merchandise is designed to appeal to 11 to 17 year olds who aspire to be "21" and adults who want to look and feel "21". In the twenty-six weeks ended August 1, 2009, net sales were $233.1 million, up 33.3% over the twenty-six weeks ended August 2, 2008. Net income was $8.3 million in the twenty-six weeks ended August 1, 2009, which represents a 61.4% increase over the twenty-six weeks ended August 2, 2008.

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