| Ticker: PCTY | 400 Commons Way | |
| Exchange: NASDAQ-National Market | Rockaway, New Jersey 07866 | |
| Industry: Retail | (201) 983-0888 |
| Type of Shares: | Common Shares | Filing Date: | 1/18/96 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 3/26/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $8.00 - $10.00 | |
| Primary Shares: | 1,700,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 300,000 | Gross Spread: | $0.70 | |
| Offering Amount: | $18,000,000 | Selling: | $0.38 | |
| Expenses: | $550,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,924,000 |
| Manager | Tier | Phone |
| Tucker Anthony Incorporated | Lead Manager | (617) 725-2000 |
| Morgan Keegan & Company, Incorporated | Co-manager | (901) 524-4100 |
| Auditor: Deloitte & Touche | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $23.12 | Assets: | $10.31 | ||
| Net Income: | $1.30 | Liabilities: | $5.73 | ||
| EPS: | $0.24 | Equity: | $4.58 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Company is a rapidly growing specialty retailer of party supplies through its network of discount Super Stores. The Company believes that its store system, composed of 16 Company-owned and 132 franchise locations in 26 states, Puerto Rico, Canada and Spain as of December 31, 1995, makes Party City one of the largest party supplies superstore chains in the world. The Company believes its has transformed the party supplies business by introducing increased product and marketing focus and greater mass merchandising sophistication to a business traditionally served by single owner-operated party supplies stores, specialty party supplies retailers, and designated departments in drug stores, general mass merchandisers, supermarkets and department stores of local, regional and national chains. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to open new company-owned Super Stores and to provide for working capital and other general corporate purposes, including the repayment of any debt outstanding under the company's line of credit at the time of the consumamation of the offering. |
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