Quick Take
Hard surface flooring and accessories retailer Floor & Decor (FND) has filed proposed terms for its IPO, aiming to sell 8.82 million shares at a midpoint price of $17 per share.
At a proposed post-IPO market cap of $1.57 billion on growing sales of over $1 billion, I view FDO as an attractive IPO candidate at the proposed share price.
My opinion on the IPO is a BUY.
