At Home Group (HOME) Files for $100M Common Stock IPO

At Home Group Inc. (Nasdaq: HOME) filed a registration with the U.S. SEC for an initial public offering of its Common Stock. The proposed maximum offering price is $100 million. The company plans to list on the Nasdaq under the symbol "HOME."

Underwriters on the offering are BofA Merrill Lynch, Goldman, Sachs & Co., Jefferies, Morgan Stanley, Evercore ISI, William Blair, Guggenheim Securities, and Stifel.

Recent financial highlights include:

-- Positive comparable stores sales in seven out of the last eight consecutive quarters, averaging 5.6% growth over the period;

-- Forty-five new stores opened in the last five fiscal years, including 16 in the last fiscal year ended January 31, 2015;

-- Total net sales growth from $364 million in fiscal year 2013 to $531 million for the last twelve months ended May 2, 2015, representing a compound annual growth rate, or CAGR, of 18%;

-- Store-level Adjusted EBITDA margins of 27.6% for the last twelve months ended May 2, 2015, and growth of Store-level Adjusted EBITDA from $96 million in fiscal year 2013 to $146 million for the last twelve months ended May 2, 2015, representing a CAGR of 21%, in line with total net sales growth; and

-- Adjusted EBITDA margins of 19.5% for the last twelve months ended May 2, 2015, and growth of Adjusted EBITDA from $82 million in fiscal year 2013 to $103 million for the last twelve months ended May 2, 2015, representing a CAGR of 11%, which includes significant non-linear investments in people, systems and processes to support our future growth.

At Home is a home décor superstore based on the number of our locations and our large format stores that we believe dedicate more space per store to home décor than any other player in the industry.

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