Gregg Appliances announces plans to go public

Gregg Appliances Inc. said today it plans to launch its long-expected initial public offering.

The Indianapolis-based appliance and electronics chain said in a Securities and Exchange Commission filing it hopes to raise at least $172.5 million. Other details, including timing of the offering, were not provided.

The company operates stores in Indiana, Alabama, Kentucky, Ohio, North Carolina, South Carolina, Tennessee and Georgia. This story will be updated.

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