September 27, 2021 I Finance
Guitar Center Reportedly Files for IPO
Guitar Center has filed registration papers for an initial public offering with the Securities and Exchange Commission, according to reports from Retail Dive and Debtwire, which cited anonymous sources.
The filing comes less than a year after GC filed for bankruptcy, eventually shedding hundreds of millions of dollars of debt while also raising new capital.
According to the article on Retail Dive, “Guitar Center’s reported IPO filing is a sign that the company is in decent health, good enough at least that management believes it has something investors could be interested in. An IPO could also mean an influx of capital that could be used to reduce its remaining debt and to invest in its operations.”
