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Hhgregg to price IPO at $15 to $17 per share

July 9, 2007

Hhgregg Inc. plans to price its initial public offering at $15 to $17 a share, according to a company filing with the Securities and Exchange Commission. The appliances and electronics retailer in April said an IPO was in the works but provided few details.

The Indianapolis company will offer 9.4 shares, and would raise $150 million if shares went for $16 each. The 79-store chain says in the filing that it sees long-term potential for more than 400 U.S. stores.

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