Advanced Marketing Services Inc. has filed with the Securities and Exchange Commission for an initial public offering of 1.3 million shares priced at $10 to $12 per share, the company said.
One million shares are to be sold by the company and 375,000 shares would be sold by existing shareholders. The offering will be co-managed by Alex. Brown & Sons Inc. and Montgomery Securities.
The San Diego-based company supplies “general interest books to membership warehouse clubs,” according to a company spokesman.